The utilities sector has historically been known for its stability and defensive nature, offering investors a reliable source of income even during times of market volatility. In recent months, however, utilities have underperformed as risk-on sentiment took hold with a vengeance. Nevertheless, looking ahead to 2024, there are several factors that suggest utilities could become the year’s best-performing sector. One of the surprising reasons utilities could lead? The very real risk of deflation, or a sustained decrease in the general price level of goods and services. Deflation can have a profound impact on various sectors of the…
