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Study Guide for Technical Analysis Explained Fifth Edition, 5th Edition by Martin J. Pring

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22

PRICE: SECTOR ROTATION

Questions

Subjects to Be Covered

Characteristics of early-cycle (liquidity-driven) sectors

Characteristics of late-cycle (earnings-driven) sectors

Sectors that fall between early- and late-cycle leaders

1. True or false: Since the business cycle moves from a deflationary to an inflationary phase, groups sensitive to inflationary conditions have a tendency to lead the market.

A. True

B. False

2. Which of the following statements is true?

A. Inflation-sensitive sectors do well when interest rates are declining.

B. Occasionally, unusual fundamentals for a sector or industry group will override the normal rotational process.

C. Liquidity-driven groups do well when commodity prices are rising sharply.

D. None of the above ...

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