FYI: The S&P 500 Utilities sector is closing out 2014 with a bang. As shown below, the sector is currently in the midst of another big momentum move higher into extreme overbought territory -- currently trading more than two standard deviations above its 50-day moving average. The sector is up a whopping 28% year-to-date -- easily the top performing sector of 2014. No wonder so many portfolio managers are underperforming this year. Utilities -- the most defensive, low-growth sector of the market -- has been leading the way. It's tough to sell investors on a big overweight position in Utilities, especially in a rising rate (at least those are the expectations) environment. But if you haven't owned Utilities, chances are you've lost ground to the S&P this year.
Regards,
Ted
http://www.bespokeinvest.com/thinkbig/2014/12/26/utilities-the-high-fliers-of-2014.html?printerFriendly=trueS&P 500 Utilities Sector:
http://us.spindices.com/indices/equity/sp-500-utilities-sectorXLU YTD +26.34%
