Morgan Stanley identifies next wave of AI-linked "alpha"
Have utilities helped power the S&P 500 index higher of the past 90 days? Above my pay grade. Investors for sure have been seeking high-yielding stocks and ETF's and utilities have been a beneficiary of those inflows. Is anyone surprised that the S&P 500 is at all-time highs and that boring utilities have almost doubled (see lower left inset chart) the SPY's performance over the past 90 days?
The DJ Utilities index is now facing a trio of resistance in the chart above at (1). Do utilities still have the "power" to break this resistance? A break above the trio of resistance would be good for this index and the SPY.
If you are seeking high-yielding stocks, how the DJ Utilities index handles this resistance could be very important to your holdings.
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