If we are close to a recession - why are utilities among the big losers

You can eat AI.

 

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Dont know;
but the tech sector tend$ to great, most all the times[except polar bear marketsLOL]
CAN trade tech sector short term; swing, positions invests maybe better.
Utilities+ RE are such underperformers, + small weights in SPY bench mark ;
that can be a clue. I buy RE not thru Wall Street LOL.I've never seen that sector looking good; but i dont believe in retirement so that make$ big a difference in investments, income + health.
Strange how many people die soon after retirement

 

I wouldn't buy XLU unless it got below 44 s

 

What recession? The economy is doing great. Inflation just dropped to 3%. We may slow down a little, but I don't see any evidence of a recession.

 

Sarcasm

 

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I'm not going to race you on the biggest losers\LOL that's subject to change anyway.
10 years average ,XLE, FXN, FENY, XOP...... have lost some in the past.[ 10 year average way less% gain than SPY benchmark usually ]
3 year cycle, energy + other cycle ETFs they did a bit better
Sekiyo's chart shows some of these downtrends.