

Political volatility should stay elevated even after Democrats retake the House this November, State Street Investment Management said. Republicans are still expected to hold the Senate, leaving little room for sweeping legislation.

Water utilities are the most compelling subsector based on their value score. Invesco S&P 500 Equal Weight Utilities ETF offers US utilities exposure with lower company-specific risk and better fundamentals and returns than cap-weighted peers. RSPU is best suited for long-term investors, while XLU remains preferable for trading due to superior liquidity.

Realty Income and similar income stocks now struggle to deliver inflation-beating returns, with dividend growth lagging recent price increases. In today's higher-rate, post-2020 inflationary environment, traditional income favorites offer little premium over bonds and limited inflation protection. My income safety test reveals that many beloved REITs and dividend stocks fail to preserve purchasing power, making them riskier for retirees.

To brace against market pullbacks, add some defensive stocks or funds to your mix. Defensive industries include healthcare, utilities, and consumer staples.

Markets remain under pressure as geopolitical and economic risks rise. Defensive ETFs could help investors navigate volatility without abandoning growth.

Texas regulators just froze data-center hookups, and one application fee cut AEP Ohio's pipeline by more than half overnight.

Launched on December 16, 1998, the State Street Utilities Select Sector SPDR ETF (XLU) is a passively managed exchange traded fund designed to provide a broad exposure to the Utilities - Broad segment of the equity market.

Worries about slowing growth and inflation may benefit defensive funds focusing on sectors like utilities, consumer staples and healthcare.