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J. Safra Sarasin downgrades US equities

J. Safra Sarasin has downgraded US equities from overweight to neutral as the country’s economy decelerates. “At the regional level, we consider that US equities are close to their zenith in terms of relative performance,” the bank said. “This partly reflects our view that the US information technology sector is losing some of its shine. As the US economy trails…

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