Philip is considering the use of sector rotation as a strategy for his portfolio. Which of the following statements best describes how Philip's portfolio would be managed after implementation of this strategy?
A. Certain sections of the economy would be overweighted in the portfolio as determined by the current performance of each sector.
B. Fundamental analysis of each sector would be the primary determinant of securities for the portfolio
C. Choice of sectors for the portfolio would be based mainly on economic indicators
D. The portfolio would be hedged by balancing underperforming sectors with larger cash positions in the event these sectors start to recover