Defensives have been outperforming the S&P 500 since March. If you believe the outperformance will continue, then now might be the time to buy, as they are approaching the support line.
I'm particularly watching utilities. In addition to being a classic defensive sector, utilities also have "growth" potential. They had a period of strong outperformance a...
Utilities traditionally are a recession safe haven, although in March they fell along with the broader market. There is reason, however, to think they will outperform going forward. According to an analyst poll conducted by FactSet, analysts expect utilities to be the sector least affected by the pandemic, with 2020 earnings down only 1.6% from pre-pandemic...
looking at RYU where the SP is equally weighted the weekly does not look quite as dire. I suspect sideways action till the FED decision but it can still climb higher as it is consolidating now
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I would have never guessed utilities would be the best sector in the S&P 500 in a year when GDP is finally supposed to accelerate to above 3%. The market obviously isn't believing that.
