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Investors may be complacent over risks in cyclical stocks
Thursday 13 Oct 2016 Author: William Cain

Year-to-date gains on cyclical stocks like miners means higher quality stocks with good balance sheets may now be more attractive, argue analysts at Bank of America-Merrill Lynch. Fund managers are loading up on cyclical stocks but valuations are starting to look stretched. ‘History argues that while high quality stocks often lag in late bull market rallies, they usually make up for it when the cycle rolls over,’ it says. (WC)

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