A Bearish Call on a Big Utilities ETF
April 15, 2016 at 06:10 AM EDT
Up 13.2% year-to-date the Utilities Select Sector SPDR (NYSEArca: XLU), the largest utilities exchange traded fund, is one of this year’s best-performing sector ETFs. Utilities sector fundamentals remain strong. However, utilities have been underforming due to the sector’s inverse...