Remember: We Want the Right Kind of Boring

Consider this a quick and friendly reminder into the bell today that as we head into what many expect to be a "long, dark, winter," you should carefully select your sectors.

In other words, not all boring sectors are created equally, especially if we do get that rising rate environment various sectors seem to be implying based on recent price action. 

So while materials miners, energy, banks, insurers, seem most logical to benefit under said scenario (and, indeed, have been), I am far more skeptical of another boring sector like utilities benefiting. 

In fact, I would view the XLU, sector ETF for the utes on its daily chart, below, as an actionable short at this particular moment in time. 

We want the right kind of boring.