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Cross-asset trader, dog walker, poker player and scotch drinker trying to avoid margin calls.
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  • XLU (S&P Utilities) Recent Outperformance  0 comments
    Dec 28, 2011 8:45 AM | about stocks: XLU, VXX, VXZ, SPY
    XLU (S&P Utilities) Recent Outperformance

    XLU (S&P Utilities) is up 15% YTD and outperformed the S&P by 14%. A lot of the out-performance can be attributed to the defensive positioning of the market, recent slightly favorable EPA ruling and the market's desire to chase yields (dividends in this case). XLU puts make sense as vol has become cheap (in my view relative to mkt risks) and XLU should under perform the market if we rip into Q1 2012 or sell off with the broader mkt.

    Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.
    Stocks: XLU, VXX, VXZ, SPY
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