XLU — All updates

As for the utilities sector, specifically the XLU group, we are seeing a significant decline, which clearly indicates oversold conditions. So, as you can see, the Relative Strength Index (RSI) is at 25.

For bold investors, you can make a quick speculative move on some stocks that may later come out of this oversold condition, but are certainly among the weakest sectors in the group.

Currently I am short of things that are crashing like XLU utilities.

The State Street Utility Sector Spider ETF or XLU tracks the utility sector responsible for the power generation required by AI infrastructure.

That XLU chart is some ugly. I thought you were supposed to be safe. uh in not I don't really think that's the case in uh interest uh rate raising environments because they're so uh dependent on on rates being low.

Uh [snorts] XLU down 10% but don't they need the power for data centers? Maybe rebound coming. There's the belief there, but uh think about the capacity they have already. So, the old school utilities, and I'm going to sort of dissect them here.

Old school utilities, they're not already doing this. They're not preparing for that. They can't handle all this extra at the moment. So, could there be something there? I don't know, but right now, think about it.

Like, if Texas so much as has a hot day, they're like, "Everybody just don't turn your air on, you know?" They don't do that in Florida cuz well, we're smart, but the uh