Technology

Personal Computers
Internet Information Products
Construction
Commodities - Materials

Industrial Metals & Minerals BHP (Australia)
Financial

Money Center Banks
Consumer Cyclicals

Auto Manufacturers
Health Care

Drug Manufacturers
Services

Staffing & Outsourcing
Utilities

Electric Utilities
Full Expansion
  • Stock market tops
  • Interest rates peak
  • New bear market in stocks
  • Middle Expansion
  • Capital Goods
  • Energy
  • Basic Materials
  • Early Recession
  • Consumer Staples
  • Healthcare
  • Utilities
  • Consumer Staples

    Food
    Early Expansion
  • Consumer Cyclicals
  • Technology
  • Industrial Goods
  • Late Expansion
  • Financials
  • Services
  • Construction
  • Energy

    Integrated Oil & Gas
    Full Recession
  • Stock market bottoms
  • Bond market peaks
  • New bull market in stocks
  • Sector Investing Based on Economic Cycles

    References and Resources
  • Sector viewpoints from Janus Research
  • Conglomerates

    Basic Materials

    Consumer Goods

    Financial

    Healthcare

    Industrial Goods

    Services

    Technology

    Utilities

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