Staying Cool

  

Record warm winter, spring and now summer. Like many assets today Utility companies are operating at capacity...soaring electricity demand is at record levels.

Few people mention that the Utility stocks are amongst the best performing stocks year to date. They are getting price increases and better operating efficiencies. They are consolidating and seeing some short term easing in critical coal and natural gas prices...


These are long lived assets that are difficult to replace and build new green field construction....they also tend to be the market bellwethers in the past when interest rates have peaked and start to go down...additionally all the focus is on the short term rates...the treasury long bond is rallying....also suggesting a peak in rates.....

Get your shopping list together there will be one last great buying opportunity in the next few months...

Barkly seen here is relaxing in the mid summer heat...taking a break outside his office.