XLU utilities are less positive as a defensive group: many leading names are tied to AI while a number of utility stocks lag behind, so the sector is not as attractive as commodities or healthcare.
Bearish
“AI Stocks Just Took a Hit. Here’s What’s Holding Up”
StockCharts TVPublished Oct 16 · 1 passage
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Another defensive group is the utility stocks "XLU", which are not as positive. This is a more precise and specialized movement . Many leading names such as "CEG" and others in the utilities sector are associated with artificial intelligence.
Then we have a number of stocks that are lagging behind . Therefore, it is certainly not as attractive as the commodities or healthcare sectors.
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