Very Good News For Utilities Stocks
BAMBrookfield Asset Management .(BAM) Seeking Alpha·2024-08-29 21:05
matdesign24 The US economy has proven to be remarkably resilient in the post-COVID era, even as many of its leading trading partners in Europe, China, and Japan have encountered economic challenges. However, with interest rates rising significantly since the start of 2022, and the artificial intelligence boom driving big tech stocks higher, the utility sector has faced the perfect storm. Rising interest rates have made its bond-like cash flows less attractive to investors, while the AI boom has sucked c ...