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Free Series 65 Practice Questions
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Question 1 of 10Economic Factors and Business Information
A client's portfolio is heavily weighted toward small-cap cyclical companies. Monthly data show payroll growth still strong, corporate earnings up by double digits, unemployment at a multi-year low, and the central bank raising rates while banks tighten lending standards. How should the adviser interpret the phase of the business cycle and its implication for the sector mix?
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