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Business cycle points to outperformance of XLP

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NYMEX:HRC1!   None
Beyond Technical Analysis businesscycle XLP XLU IYR
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beyondta businesscycle xlp xlu iyr
Relative performance of defensive sectors XLP, XLU and IYR vs SPY.
XLV performance did not follow a cyclical pattern

Best fit suggests outperformance of XLP vs SPY in coming months

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