Traders Abandoning Hedges on Utilities ETF

XLU is usually the second-best of the nine sector SPDRs in August before it turns into the best, on a historical basis, in September.Treasury yields are declining and investors appear comfortable with the notion that there are at least several months ahead before the Federal Reserve raises interest rates, if at all.

Utilities Select Sector SPDR

Tom Lydon’s clients own shares of XLU.