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Utility stocks tanked hard starting in mid-November on worries about rising interest rates, which can be bad for supposed “bond proxies” like utes. The broad Utilities Select Sector SPDR Fund (
To say utility stocks are less than interesting would be an understatement. Utilities are downright boring, trading almost like bonds because of their (usually) steady dividends. Growth – at least...
A conflicted bull market may be experiencing a late-life crisis, but it’s not headed for a total breakdown yet.
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