Author: John Pugliano
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Utility Sector is outperforming S&P 500 240504
The Utility Sector rarely outperforms the S&P 500, but right now it is. The first chart shows the Utility Sector versus the S&P 500 on a nominal price basis. Through February, Utilities were underperforming, as they typically do. But things started to change in March. The second chart shows the recent relative performance. Over the…