(Premium) Not Much Use for Utilities
Losses in the Utilities sector have been outpaced by only the Financials so far this year.
On a relative basis, there’s no good reason to own the Utes right now. The sector is getting rejected once again by overhead supply, and we’re below a declining 200-day moving average. This is a textbook downtrend.
(click charts to enlarge)
If Utilities convincingly …