Utility Stocks as Safe Havens: A Recipe for Disaster? As investors seek recession proof assets, utility stocks have been touted as a safe bet.
James Brumley and The Motley Fool are among those recommending top picks in this space. However, a closer examination of the sector reveals that these "safe havens" may not be as foolproof as they seem.
The increasingly uncertain economic climate, with inflation creeping up to nearly a three year high of 3. 8%, is casting doubt on the Federal Reserve's ability to combat it through higher interest rates.