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Jul 08 2025

Cyclicals: Confidence Borders On Cockiness

  • Jul 8, 2025

Our S&P 500 Cyclical Sector Composite is one of three market bellwethers to join SPX at an all-time high. While technically bullish, the action generated a concurrent new peak in relative valuation that should temper the optimism of those heavily invested in traditional cyclical sectors. 

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About The Author

Doug Ramsey / Chief Investment Officer & Portfolio Manager