Utility vs Energy Stocks In Uptrends

The starkest divergence among the sectors at the moment is between utility and energy stocks. Nearly 80% of utes are trading above their 50-day averages, while fewer than 10% of energy stocks are. Over the past three weeks, the difference between them has grown historically wide.

Below, we can see the S&P 500's returns following any day when an average of more than 70% of utility stocks trading above their 50-day average during the past three weeks, compared to fewer than 10% of energy stocks. See the June 13, 2019 report for more details.