Ute See That? Pigs Can Fly

Okay, it’s the winner of the ‘he’s trying too hard for a cute post title’ award.  Thing 1 is the utilities.  Thing 2 is the Banks.  Thing 3 has not yet made a definitive move.  But Things 1 and 2 seem to be implying that interest rates may break to the upside, since Utilities like low interest rates, banks like higher interest rates and they are now leaning bearish and bullish, respectively.  I sold the Utilities way too soon, after having NFTRH+’d them (along with TLT).  I currently own the Pigs, so I guess I am constructive on rising interest rates here during summer slack season.

util

bank index

10 year yield

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