Bank Of America Warns Energy Could Be ‘Cheap For A Reason,’ Highlights Utilities As Defensive Play – SPDR Select Sector Fund – Energy Select Sector (ARCA:XLE), SPDR Select Sector Fund – Utilities (ARCA:XLU)
Bank of America has reshuffled its sector outlooks, raising Utilities to “overweight” while downgrading Energy to “market-weight.” The changes come as elevated volatility and policy uncertainty drive a recalibration of investment strategies. According to Savita Subramanian, Bank of America’s head of U.S. equity strategy, the shifting economic and political landscape has altered the risk-reward profiles … Read more
