Interest Rates are back near the highs of 2018.
This strong move up in rates this week is benefiting
the financials the banks XLF, mortgage and insurance companies,
who command higher revenues and profits with the higher loan spread obtained.
.
At the same time the Utilities XLU were down sharply today,9/19/18
as big money flowed away from interest sensitive companies like utilities,
who will be forced to pay higher costs if rates continue to rise.
THE_UNWIND
This strong move up in rates this week is benefiting
the financials the banks XLF, mortgage and insurance companies,
who command higher revenues and profits with the higher loan spread obtained.
.
At the same time the Utilities XLU were down sharply today,9/19/18
as big money flowed away from interest sensitive companies like utilities,
who will be forced to pay higher costs if rates continue to rise.
THE_UNWIND