Utilities wont get in on this rally.. $5.60's on the way..
I expect to see continued rotation out of defensive stocks/funds like utilities (GABUX, VPU) into cyclicals as this rally heats up. IMHO
Got a favorite cyclical stock?
Got a favorite cyclical fund or ?
thanks in advance
I agree that's part of the problem here.. Utilities, bonds and mRIETs are all selling off they are all % rate sensitive along with bonds and utilities being defensive.
We could take a pretty good hit here IMHO..