A common approach to security selection is the top-down approach. In the top-down approach, the analyst first determines the state of the economy expected for the next investment period. Next, the analyst decides what industry should do best in that economic environment. Lastly, the analyst chooses securities from that industry that are expected to outperform. Assuming you are going to use the top-down approach, discuss major economic indicators that are important to note for the current market environment and suggest an industry that you think should outperform given this market environment. The focus of this forum is a professional discussion that encourages curiosity, critical thinking, and courteous engagement.

Also, provide links to support your ideas, also please don't state the answer as bullet points, it's a discussion forum.