According to The Kobeissi Letter, US utility stocks have recorded $318 million in net outflows, marking their ninth weekly withdrawal in the last ten weeks. This trend signifies a sustained negative sentiment towards utility stocks, with the four-week average outflows reaching $261 million, the highest in 5.5 years. Such trends are crucial for traders to watch as they reflect broader market sentiment and potential shifts in investment strategies.

According to The Kobeissi Letter, US utility stocks have experienced a significant $318 million in net outflows, marking their 9th weekly withdrawal over the past 10 weeks. The 4-week average of outflows has reached $261 million, the highest in 5.5 years, surpassing the 2022 bear market high of approximately $200 million. This trend indicates a substantial shift in investor sentiment, potentially impacting trading strategies in the utility sector.