business
A relief rally could be coming soon for these stocks getting hurt by higher rates, says Katie Stockton
The deeply oversold condition of the utilities sector increases the likelihood of a short-term relief rally over the coming weeks, says Stockton.
(See the video above for Katie's complete chart breakdown.) Breadth has contracted over the past several weeks, noting the percentage of S & P 500 stocks above their 50-day moving averages has fallen to levels not seen since the first quarter. The re... [6361 chars]
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