YtD Sector Performance corroborates higher rates (
TNX
).
Top performers show real economy strength,
XLF
,
XLE
,
XLI
and
XLK
(55%
holdings in megacap/AI w great balance sheets that are less sensitive to higher rates).
Note performance of
XLF
v
KRE
, and
XLK
v $ARKK...
These are rates trades.
Individual stocks allow equities investors to gain other exposures and fine tune their portfolios.
But most of the attribution here is from rates.
We are all rates traders.
TNX
). Top performers show real economy strength,
XLF
,
XLE
,
XLI
and
XLK
(55% holdings in megacap/AI w great balance sheets that are less sensitive to higher rates).
Note performance of
XLF
v
KRE
, and
XLK
v $ARKK... These are rates trades.
Individual stocks allow equities investors to gain other exposures and fine tune their portfolios.
But most of the attribution here is from rates.
We are all rates traders.