Strange Bedfellows: Technology And Utilities

While Technology has seen broad-based strength in what has been a strong market overall, some may be surprised to see that the Utilities sector has also seen a very broad rally. While the gains haven't been nearly as strong as the advance in Tech, the Utilities sector is the only other one where all of its Industry Groups are up at least 10%! When it comes to market performance, you don't typically see Technology and Utilities sharing similar characteristics or trends, but this year they have seen among the most uniform rallies within their respective groups.

 

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