Bonds have been in a virtually uninterrupted uptrend since New Year’s Eve on 2013. Looking at interest rates, I wonder to myself if we have turned the corner and are heading into higher rates….
The triple-bearish-on-gold-miners ETF, symbol DUST, has a rather interesting property of bouncing hard off the trendline I’ve shown below. If this is true, it would suggest miners are in for some weakness ahead. Don’t get me wrong – – I’m a precious metals booster! – – but I wanted to at least point out this interesting phenomenon.
If there’s been one sector that’s been a consistent powerhouse ever since the depths of the financial crisis, it is the one probably considered the most humdrum and boring by the public: utilities. I mean, how many people can get excited by an electric company versus, say, GoPro? But one glance at the chart below proves the case – – utilities are up about 170%, throwing off dividends the entire time, and now have exceeded even their long-term ascending channel.