September 29, 2020 - Leaders/Laggards

September 29, 2020 - Leaders/Laggards

The utilities sector was one of the few to outperform the S&P 500 last week, reinforcing the notion that defensiveness is taking over the equity markets right now. Treasuries have remained firm throughout this 6-month recovery and are giving a strong signal here that investors are still positioning for further weakness.

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