Question: Top down fundamental analysis: 1 st step Economic analysis 2 nd step Sector analysis 3 rd step Capital market analysis 1 st step Industry analysis

Top down fundamental analysis:
1st step Economic analysis 2nd step Sector analysis 3rd step Capital market analysis
1st step Industry analysis 2nd step Economic analysis 3rd step Company analysis
1st step Company analysis 2nd step Industry analysis 3rd step Sector analysis 4th step Capital market analysis 5th step Economic analysis
1st step Economic analysis 2nd step Capital market analysis 3rd step Sector analysis 4th step Industry analysis 5th step Company analysis

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