Consumer cyclicals and industrials will be the most likely sectors to lead the US out of its slump, ...
Consumer cyclicals and industrials will be the most likely sectors to lead the US out of its slump, according to Alex Ingham, fund manager at Aberdeen Asset Management. But technology, one of the areas that usually does well following tough times, is unlikely to be leading the charge this time round, he says. 'Technology has had a separate issue, with massive over-capacity and oversupply,' he says. 'In addition, because of the huge amounts spent on IT between 1997 and 2000, IT spending is not a priority for many companies. Technology is a discretionary cost and companies have been cutti...
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