Equity investors face a dilemma. Since the economy and profitability are doing well, should cyclical stocks be emphasized, or with the recovery getting old and because valuations are high, should defensive stocks be favored?..
May
29
2018
Cyclicals Or Defensives?
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![James Paulsen / Chief Investment Strategist](https://leuthold.imgix.net/leutholdgroup.com/site_files/authors/DSC_2988_LR_Jim.jpg?h=150&w=150&fit=crop&fp-y=.15)