UTE See That? Pigs Can Fly
Okay, it’s the winner of the ‘he’s trying too hard for a cute post title’ award. Thing 1 is the utilities. Thing 2 is the Banks. Thing 3 has not yet made a definitive move. But Things 1 and 2 seem to be implying that interest rates may break to the upside, since Utilities like low interest rates, banks like higher interest rates and they are now leaning bearish and bullish, respectively. I sold the Utilities way too soon, after having NFTRH+’d them (along with TLT). I currently own the Pigs, so I guess I am constructive on rising interest rates here during summer slack season.
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I don't mind cute. But what does this have to do with the Pigs, which to me is Portugal Italy Greece Spain?
Ah yes, I was not even thinking about the PIIGS. Pigs (Piggies) in this case is lingo for the Banks. Like Piggy Bank...
Sorry for the newbie question but what does "Pigs" stand for?
Sorry for the confusion, Alexis. Pigs (Piggies) is lingo for the Banks. Like Piggy Bank...