BLOOMBERG Whatd You Miss July 14, 2024
Reporters. I have got records on my mind. We may not have a record high for the s p hundred, but we do have a record high for the s p 500 utilities sector. Take a look at the time of 1. 8 . A record closing high as yields have been down for days in a row. It may be worrisome. This is a defensive sector. You have investors going and while the broader sector is going into a record high. Relative to longerterm charts, what we are looking at is the valuation spread between utilities and the s p 500. From 1990 to 2005, we had the s p 500 valuation trading richer than the utilities sector. The Defen...