Utilities leading the S&P 500 may point to fading investor risk appetite, according to Michael A. Gayed. He ties the shift to his JOJO Index on credit rotation

Utilities leading the S&P 500 may point to fading investor risk appetite, according to Michael A. Gayed. He ties the shift to his JOJO Index on credit rotation and notes earlier warnings on surging gold, a weaker dollar and falling Treasuries.