We’ve noticed investors are starting to switch out of high quality defensive stocks and move into lowly-valued cyclical companies. Our main feature explores the reasons behind this rotation. We also look at five different scenarios, comparing pairs of defensive and cyclical stocks and giving our views as to which ones to buy. Elsewhere in this week’s Shares we explain why the Autumn Statement is positive for equities, why Royal Mail is still a good share to own and reveal the secrets behind how fund managers pick small cap stocks. We also reveal how two of the most famous fund managers, Neil Woodford and Mark Barnett, are navigating uncertain market conditions.