Utilities Sector SPDR Fund not showing we are in Recession!

Utilities Select Sector SPDR Fund is doing just fine!

Looks like it will continue to rise to hit a new ATH late 2023.

Compare what is happening now to the last 2 recessions.
Completely different!

This is a great indicator for market performance.

IDEA from Henrik Zeberg
twitter.com/HenrikZeberg/status/1592894654416322561