Cramer says ongoing rally in utilities signals an economic slowdown

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CNBC’s Jim Cramer on Wednesday honed in on the Dow Jones Utility Average, whose rally over the last several weeks he said suggests the economy is slowing down and interest rates may be headed lower.

“The utilities perform best when the economy’s throttling back,” he said. “If this index were just up for a week or even two weeks, I might ignore it. But for the [utilities] to rally this long, sorry, it is flashing red for the economy, telling us we’re headed into the shoals of a slowdown.”

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