Last week we told you how dwindling stock market volatility (NYSEARCA:VIXY) and the insatiable appetite for high risk debt (NYSEARCA:JNK) is characterizing the market’s latest episode of fearless risk taking. This time around, there’s another piece of evidence that confirms this scary trend.
The chart below shows how S&P 500 utilities (NYSEARCA:XLU) are on the verge of cracking below their 200-day moving average.
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