Guess the chart

XLU US Equity (Utilities Select 2017-05-31 14-12-58

This is an ETF that has touched an all time high.It is one that is highly responsive to interest  rates,The utilities ETF .Reuters had a nice write up about this.I will paraphrase put in own words. Utilities rely on short term funding to make their business work.They are  negatively correlated to  Interest rates.So what  does this Chart tell us then if it is at an all time high? Hmmm   talk  more tomorrow.

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