A subscriber who recently retired from an electric utility company asked how the banking crisis might impact Utilities (XLU) stocks.
In #Quad4, Utilities are typically a top-performing equity sector, but Keith McCullough says you still have to pay attention to the signals.
“The signal says do not buy Utilities,” explains Hedgeye’s CEO in this clip from The Macro Show. “Utilities had peak cycle pricing last year that they have to cycle against, on a revenue comparison and earnings basis, and you’ve got a lot of people who are long them.”
Watch the full clip above.
