MOAT: The 2026 Sector Story Doesn't Jibe (Rating Downgrade)

2026-02-04 02:29:25 ET

The two best S&P 500 sectors so far this year are Energy and Materials. The resource trade, the debasement trade, the reflation trade…they are essentially synonymous at the moment. Areas like Information Technology and Financials have lagged as 2026 has taken flight. That's key for the VanEck Morningstar Wide Moat ETF, which turned red for the year as of February 3....

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