Stocks Analysis by James Picerno covering: Alphabet Inc Class A, United States 10-Year, Meta Platforms Inc, The Technology Select Sector SPDR® Fund. Read James Picerno's latest article on Investing.com
Utility stocks have taken the lead in 2024 among US equity sectors following the market sell-off in recent days, based on a set of ETFs through Tuesday’s close .
There has also been a performance reshuffling in other sectors in recent days. Notably, the formerly lagging real estate sector , XLC’s correction has, so far, been comparatively light. As a result, XLC’s year-to-date gain of 15.2% is second only to utilities in 2024. As the payout spread between utilities and Treasuries ebbs and flow, one or the other enjoys a competitive edge for yield-seeking investors. XLU’s trailing 12-month yield is currently 3.01%, according to Morningstar.com. The 10-year yield is still higher, but by a diminished 90 basis points following the benchmark rate’s sharp decline in recent days.
“The start of Fed rate cutting cycles are typically characterized by defensive sector outperformance, similar to the rotation that has occurred during the past week,” advise Goldman strategists in a note published on Monday.Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors.
United States 10-Year Meta Platforms Inc The Technology Select Sector SPDR® Fund
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
US Recession Risks Rising Sharply Again - Have We Reached the Tipping Point?Market Overview Analysis by James Picerno covering: . Read James Picerno's latest article on Investing.com
Read more »
Will Inflation Data Continue to Support the Bond Rally?Bonds Analysis by James Picerno covering: Vanguard Total Bond Market Index Fund ETF Shares. Read James Picerno's latest article on Investing.com
Read more »
Stocks Look Overbought, But Will It Matter Anytime Soon?Stocks Analysis by James Picerno covering: S&P 500, CBOE Volatility Index. Read James Picerno's latest article on Investing.com
Read more »
10-Year Yield to Head Much Lower as Fed Gears Up for Cutting Rates in SeptemberBonds Analysis by James Picerno covering: United States 10-Year. Read James Picerno's latest article on Investing.com
Read more »
Markets Confident That Rate Cuts Will Start in September: Is This Time the Charm?Market Overview Analysis by James Picerno covering: United States 2-Year. Read James Picerno's latest article on Investing.com
Read more »
Will a Goldilocks Economy Keep the Stock Market Humming?Stocks Analysis by James Picerno covering: S&P 500. Read James Picerno's latest article on Investing.com
Read more »