RE:The Fed speaks.... Interest rates start to move higher causing sector rotation by investors
This rotation started late last year and should increase as those in over valued companies start to tire of seeing their share prices decline
Going into an inflationary period with increasing interest rates means getting out of over valued sectors - bonds, high tech etc
Then redeploying that cash in undervalued unpopular sectors
OBE and most of the oil/gas producers fall into the undervalued category