Sector Performance vs YtD Interest Rates YtD Sector Performance corroborates higher rates ( TVC:TNX ).
Top performers show real economy strength, AMEX:XLF , AMEX:XLE , AMEX:XLI and AMEX:XLK (55%
holdings in megacap/AI w great balance sheets that are less sensitive to higher rates).
Note performance of AMEX:XLF v AMEX:KRE , and AMEX: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.