Utilities Surge in 2024: A Surprising Market Leader Turnaround
Utilities have surged 23% in 2024, marking a stunning turnaround from 2023 and reclaiming market leadership last seen in 2018.
Utilities (XLU) are shining this year with a standout performance—what a complete turnaround from 2023! +23% on the year – Who would have predicted this shift in leadership?
The last time Utilities (XLU) led the market for a full year was back in 2018! Finishing +8.35% while Tech (XLK) and Consumer Discretionary (XLY) were down -13% and -11% respectively
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Kerim Tulun, CFP®
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