GoI ;I've been meaning to get back to you on this from 2 weeks ago . You stated you were moving some of you're equity exposure to AUEIX , caught Mike Wilson last Thursday on Bloomberg Surveillance and this seems to jive with his recommendation to underweight Tech and increase exposure to defensive sectors , esp Utilities . https://www.bloomberg.com/news/videos/2018-02-08/bloomberg-surveillance-full-show-2-08-18-video
( at 1:40 ) Does look like bottom is forming in XLU . https://www.barchart.com/etfs-funds/quotes/XLU/technical-chart?plot=BAR&volume=total&data=DO&density=X&pricesOn=1&asPctChange=0&logscale=0&indicators=SMA(200);MACD(12,26,9)&sym=XLU&grid=1&height=500&studyheight=200&overlay1=IEF&axis1&axis2=false&axis3=false&isComparison=1
( Comparison is to IEF iShares 7-10 US Treasury ) . So , was this on your initiative or MS's .