Hi, This question asks to specify which equity sectors satisfy investment criteria. The solution (in revision book 4, for q18) specifies "basic materials" as an option for 'moves ahead of the trade cycle' and 'volatile profits' though the notes state those characteristics apply to "industrials" - could you please clarify?
The Core reading does indeed refer to Industrials in this context. As Industrials source goods from the Basic Materials companies then the same characteristics largely apply.
