The Utilities Sector (XLU) is Holding Up Well

Stephen L Gerritz, CFP

So far the US markets have had the worst weekly performance in a very long time.

Below is a line chart showing the performance of all the major S&P Sectors year to date.

The Utilities Sector (XLU) is the only S&P sector up for the year. The Consumer Staples Sector (XLP) comes in second place with only a slight loss. Everything else is suffering large declines.

XLU is the only Equity Sector ETF that GWM portfolios continue to hold. It is helping us weather the storm .

I did sell XLP today as it has begun to weaken.

S&P 500 Daily Relative Strength Chart

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