2024-07-11 12:44:21 ET
Summary
- Utility stocks have underperformed the market recently due to rising interest rates.
- However, there are three major macro factors that are likely going to push utilities higher relative to the broader market moving forward.
- We discuss the ramifications for The Utilities Select Sector SPDR® Fund ETF, as well as some of our top picks of the moment in the utilities space.
Utility stocks have meaningfully underperformed the broader market since the Fed began raising interest rates rapidly in early 2022. Their underperformance has been particularly marked since the AI bonanza began in early 2023....
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Very Good News For Utilities: XLU