High Yield Spotlight
Forget Tech: The Real AI Trade Might Be Power, Pipes, and Payouts
Investors seeking income face a challenge: the S&P 500 yields below 2%, offering limited cash flow versus historical norms¹. Early optimism around a potential Federal Reserve pivot drove yields lower and lifted defensive sectors. As those expectations moderated, Treasury yields rebounded, cooling speculative excesses. Utilities—historically interest-rate