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Feature Article

Picks and Pans for Second Half 2018

By Roger S. Conrad on Jul. 3, 2018

One tenth of a percentage point: That’s the Dow Jones Utility Average’s first half 2018 return. The almost perfectly flat finish was not without its share of volatile moments.

The upward spike in the benchmark 10-year Treasury note yield, for example, triggered many well-capitalized investment strategies’ sell signals. And the last couple weeks reversed much of the resulting damage, as global trade worries catalyzed a flight into stocks perceived as not directly at risk.

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