Use any market correction to stock up on cyclicals, says Chris Wood

Besides Wood, analysts at Credit Suisse Wealth Management also recommend hiking exposure to cyclical stocks as they do not see a repeat of the stringent lockdown seen in 2020

The over 7 per cent fall in the markets (S&P BSE Sensex) from its 52-week high hit in md-February has not shaken the confidence of Christopher Wood, global head of equity strategy at Jefferies. On the contrary, he suggested in his weekly note, GREED & fear, that investors use the dip to increase allocation to cyclical sectors.

“There has been a bit of a pullback in the cyclical trade. This, in GREED & fear’s view, is nothing more than profit taking as the end of the quarter approaches after the big price gains recorded. For such reasons, GREED & fear