The S&P 500 (SPY) is fairly valued, says Goldman, but opportunity lies in cyclicals (XLY,...
The S&P 500 (SPY) is fairly valued, says Goldman, but opportunity lies in cyclicals (XLY, XLE, XLI, XLB) which are more undervalued vs. defensives (XLU, XLP, XLV, XTL) than at any time in the last 15 years. "Given the 4 P/E multiple point head start, even a slight valuation normalization should translate into outperformance of cyclicals over defensives during the next 12 months."
From other sites
Video at CNBC.com (Wed, 2:41PM)
Video at CNBC.com (Mon, 1:57PM)
Video at CNBC.com (Aug 27, 2015)
Video at CNBC.com (Aug 25, 2015)
Video at CNBC.com (Aug 19, 2015)
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs