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SPY - Water Utilities Are Poised To Continue Outperforming
SPDR S&P 500
Water Utility Investment Thesis
The growing outbreak of Covid-19 virus, or Coronavirus, has thrown a wrench in what had initially appeared to be another year of cruising to double-digit gains. The S&P 500 (SPY) notched a quick 8% over the first month and a half of 2020 before correcting 16% from its 2020 peak. It now sits at $297.46, down almost 8% on the year.
The threat of the Coronavirus has, at a minimum, dented GDP - forecasts for global growth of around 3% now look unsustainable, with a number of august institutions