It's nearly summer folks, a time when Wall Street slows and many of us take vacations. Consequently, stock prices tend to be sluggish. But maybe not this year… It appears that some sectors are lining up to breakout of those summer doldrums and benefit from the increased electricity and gasoline use that comes with the season. What’s your trade?
Eric Bolling explains that after the blackout of 2003, regulators came to realize that energy grids are fragile and susceptible to power failures. Consequently, regulators allowed utilities to raise rates so they can fix the infrastructure. Eric feels that makes the Utilities SPDR (XLU) a smart investment.