Editor's Note: Below is a brief excerpt from today's Early Look written by CEO Keith McCullough. Click here to learn more about the Early Look.
That’s another way to look at #RatesRising. Low Beta sector exposures like Consumer Staples get pounded by higher beta Financials when rates rise at an accelerating rate.
- Financials (XLF) were +2.0% on the week to +14.6% YTD = Bullish TREND @Hedgeye
- REITS (MSCI) were down another -1.2% on the week to +1.2% YTD = Neutral TREND @Hedgeye
- Consumer Staples (XLP) were -1.2% on the week to only +4.2% YTD = Bearish TREND @Hedgeye
