Cyclicality Is Back in Style
Simon discusses how the recent growth scare is sufficiently discounted in stock prices and how most economically sensitive sectors and industry groups are currently leading. However, he advocates for portfolio balance and owning companies with secular drivers over trying to chase momentum. He highlights the more cyclical names in the WIG portfolio: Aptiv (APTV), Magna (MGA), Caterpillar (CAT), and Fortive (FTV).
