Investors are facing an interesting mix of circumstances these days. From the Fed’s path to higher interest rates to recession potential, the market is fraught with danger. With that, a good offense might be a strong defense. And you can’t get any more defensive than utility stocks.
Overall, the broader utility sector has treaded water this year. But that could actually be a great thing for portfolios. Given the outlook and market environment ahead, the sector’s various attributes could make it one of the best buys around. For investors looking to add the stability of bonds and the potential gains of stocks, the utilities make for a great play in the second half of the year.
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