BCE Inc T.BCE.PR.D

Where are we headed?

[Dibah420]

Well well new highs daily, as ole timer TB reminds us. But in a rising rate environment aren't telecoms, utilities, pipelines etc  ...i.e. sectors with high borrowing needs because of obligatory capex supposed to go down?  And conversely aren't banks/financials supposed to go up?

CM   has dropped $21 since Feb, or 12.5%!

True, Ma Bell is an orphans' & widows' stock and people might be seeking safety in uncertain times.
But I note some of my other holdings:  FTS, NPI, PPL, T etc are also coming up nicely.

Banks on the other hand had shot up too high too fast, so some retreat was inevitable.  Then there was the Just/Jag entente to pick the banks' pockets to finance the denturists.  Don't get me wrong, anything that improves seniors' health is welcome because in the long run it saves the provinces on health costs.
If you had taken some of the profits from banks and are ready and cocked for the next round, it is coming soon.  The smoke should clear in a few hours. 
Cheers

[Quintessential1]

Banks were definately reaped the whirlwind that was/is the pandemic and if the government was going to skim a little cream off the top, that is the place to do it.  I own BNS and I cannot feel disgruntled about this measure.  I am not sure there is any more pain to feel since the bank stocks dipped pretty good on the forwarded suggestion. I am having a hard time catagorizing BCE