North American Growth Counter-Cyclicals Still Equity Leadership

We divide stocks in all ten economic sectors into four basic, equal weighted baskets:1) Early Cyclicals: These are consumer discretionary companies.2) Hyper Cyclicals: These are financial and technology companies.3) Late Cyclicals: These are energy, material and industrial companies.4) Counter-Cyclicals: These are telecom, utility, consumer staple and health care companies.