Sector movers: Investors catch their breath after sharp rotation towards cyclicals, ponder next move

11th Nov 2016 21:56

(ShareCast News) - Defensives and so-called 'bond proxies' took over from cyclicals such as aerospace and defence or industrial engineers following two days of gains for the latter after the unexpected election results Stateside.That had left some cyclicals technically 'overbought' while "defensive, long duration bond proxies have suffered the most in the rally with Staples and Utilities in particular providing extreme readings of