top-down
Definition
An investment strategy which first finds the best sectors or industries to invest in, and then searches for the best companies within those sectors or industries. This investing strategy begins with a look at the overall economic picture and then narrows it down to sectors, industries and companies that are expected to perform well. Analysis of the fundamentals of a given security is the final step.
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Related terms:
bottom-up
'top-down' appears in the definitions of these other terms on BusinessDictionary.com: bottom-up planning, bottom-up pricing, information engineering (IE), bottom-up budgeting, bottom-up forecasting, and 
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