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Large-Cap Funds Dump Tech Giants For Consumer Stocks, BofA Says

FYI: Move over, Alphabet Inc. and Facebook Inc.

After holding tech firms at levels above their weighting in the S&P 500 for four straight months, investors are now overweight consumer discretionary stocks the most. That’s according to strategists at Bank of America Corp. who analyzed large-cap active funds’ exposure to S&P industries relative to their benchmarks
Regards,
Ted
https://www.fa-mag.com/news/large-cap-funds-dump-tech-giants-for-consumer-stocks--bofa-says-37504.html?print
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