“Stock Market Update | The Closing Beat | 08/24/2026”
XLU may rebound due to data center power demand, but old school utilities lack capacity, making the rebound uncertain.
Uh [snorts] XLU down 10% but don't they need the power for data centers? Maybe rebound coming. There's the belief there, but uh think about the capacity they have already. So, the old school utilities, and I'm going to sort of dissect them here.
Old school utilities, they're not already doing this. They're not preparing for that. They can't handle all this extra at the moment. So, could there be something there? I don't know, but right now, think about it.
Like, if Texas so much as has a hot day, they're like, "Everybody just don't turn your air on, you know?" They don't do that in Florida cuz well, we're smart, but the uh