Will Rising Utilities Eclipse the Mega Cap Rally? (With Scan Code For the Top Trending Utilities)

Published: 25/08/2017
Will Rising Utilities Eclipse the Mega Cap Rally? (With Scan Code For the Top Trending Utilities)
Source: STOCKCHARTS.COM

2017 has been the year of the Mega Cap rally, as Mega Cap stocks have handily outperformed other capitalization sectors (see Chart 1).  However, a majority of Mega Cap stocks have just turned lower on a medium-term basis. Is this the start of a correction in the market's leading cap-weighted sector?  In the meantime, utilities are trending higher as a group, when measured with the...

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