Main Thesis
The purpose of this article is to evaluate the iShares U.S. Utilities ETF (IDU) as an investment option at its current market price. In the short term, the utilities sector continues to push to new highs, and it is actually the second best performing sector so far in 2020. With this bullish momentum, and an increasingly clouded outlook for global growth, investors may be thinking to increase their exposure to this area.
However, I would caution against optimism at these levels. While continued coronavirus concerns may be a catalyst for defensive