Why Utilities and Power Are the Inventory Market Sectors to Play Proper Now – Barron’s

If 2022’s inventory market may very well be described as brutal, 2023’s would possibly finest be described as befuddling. Fortunately, there’s a portfolio for that.

What’s so befuddling? It’s not simply that there’s uncertainty round inflation, progress, earnings, margins, and even Covid, which continues to linger across the globe. It’s additionally that there’s no uncertainty about how consultants view the market. All of the speaking heads imagine the primary half of 2023 will likely be bumpy, with issues wanting higher by yr finish. “It’s an actual uber-consensus,” says Lori Calvasina, head of U.S. fairness technique at RBC, who counts herself among the many speaking heads.

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