TradeSmith Daily
October 2023
Pounding the Table on a Deep Value Sector
The scariest words in finance right now are “interest rates.” Surging yields are causing turmoil in markets, and the utilities sector is the poster child for the carnage. A couple of weeks ago, I discussed the extreme forced selling occurring in the sector. And the risk-off narrative has only increased ever since. Today we’ll dive into the overall landscape for utilities stocks. Then we’ll see if the evidence still supports the bullish case. Elephant in the Room Let’s begin with
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