Why Pay Attention to Sector/Yield Relationships?

Because certain sectors like Materials, Industrials (both of which I am short) and Financials (why am I not short?) tend to benefit when bond yields are rising. Others, like the Utes and Reits/RE tend to do better when yields are falling. There are plenty of qualifiers and conditions within that broad brush stroke, but today da Utes (which I am long) are conspicuous in their … Continue reading Why Pay Attention to Sector/Yield Relationships?

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NFTRH; Pictures From the Counter-cycle (Utes, T bonds & Gold)

A couple weeks ago in NFTRH 434 we introduced this chart, representing some of the more counter-cyclical items vs. the S&P 500 (SPY).  I already own some gold miners and long-term Treasury bonds (TLT) and noted an interest in Utilities (XLU, since added per NFTRH 435). Taking a look at the nominal daily chart of XLU, this item added as a balance to long positions … Continue reading NFTRH; Pictures From the Counter-cycle (Utes, T bonds & Gold)