New article posted at Seeking Alpha
The Utility Sector On Discount Plus One For The Radar
The recent weakness in the overall market has not spared defensive stocks or low volatility stocks, which are dominated by utilities and consumer staple firms. The S&P 500 Low Volatility Index, which we view as an attractive way to earn an equity premium, with downside protection, is largely comprised of defensive sectors. The utility and consumer staple sectors currently represent ~58% of the low volatility index.