In an environment of declining rate and stocks prices, Utilities are a sector who tend to outperformed. With 10 year US rate heading to 3,00% and stocks much lower, XLU can be a good bet against general index
Trade active
Although, buy level not reached, you want to get long at any cost from here !
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.