More on the Great Utilities Rally

Here are three charts from Prophet.net that break the utilities sector down into smaller sub-parts. Notice that all three sectors have very nice 5-year charts. Also notice that according to Market Gauge utilities are the second best performing sector year to date and over the last 6 months and are the best performing sector over the last 52 weeks.

Also consider the following. According to S&P, earnings increases are slowing down. Durable goods orders are down as is domestic investment. Consumer spending is the only economic area keep the economy afloat. In other words, there is a reason for people to move into more conservative investments. And on that topic, utilities already have strong upward momentum.

Diversified Utilities:



Electric Utilities



Water Utilities