Sector Positioning for 2018

This is also from SSGA’s November chart pack based on an investor survey:

Source: State Street Global Advisors SPDR® ETFs Chart Pack

Based on this equity investors are positioning for rising interest rates: overweight Financials while underweight Utilities and Real Estate. Real Estate looks to remain in the laggard camp of this rally in 2018 as well.

If you compare it to the EPS estimates for 2018, the order is more or less the same, with the big exception of Energy and Health Care:

Source: FactSet – Earnings Insight