Cyclicals Set to Shine as US Economy Picks Up
Update: 2025-12-23
Description
US economic growth anticipated to accelerate in 2023, driven by lower oil prices and potential Fed rate cuts. Investors are shifting focus from AI stocks to cyclical companies like JPMorgan Chase, Caterpillar, and retailers such as Gap and Dollar Tree. Cyclical stocks have outperformed the S&P 500, with a Goldman Sachs basket jumping 9.3% in the last month. Economists predict US growth at 2% in 2023, with some calling for 2.5% on stronger retail sales and lower inflation. Financials and industrials are recommended for exposure, while tech winners should not be dumped.
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