What tactical shift in a client's asset mix might be appropriate during the trough phase of the
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What tactical shift in a client's asset mix might be appropriate during the trough phase of the business cycle?
Sell long-term bonds because they have already rallied due to falling interest rates.
Buy common stocks in anticipation of an economic recovery.
Overweight cyclical stocks relative to defensive stocks.
All of the above
Related Book For
Macroeconomics Principles Applications And Tools
ISBN: 9780134089034
7th Edition
Authors: Arthur O Sullivan, Steven M. Sheffrin, Stephen J. Perez
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