Market.  This consolidation is a re-pricing consolidation.  It is premised on the bond market being much bigger than the stock market and people are watching it.  People are focused on 3%.  The market is grinding because there is a re-pricing going on.  We have come up a long way since Trump has been president.  Comparing the 10 year and utilities, if you are into income and need cash flow, the utilities stocks' line on the chart shows that utilities have to come down when bonds go up to reset the pricing against the bond market.  He thinks utilities are finished re-pricing.

Sectors to invest in.  So many tech stocks can do 20%+ growth.  See top picks.  You can feel comfortable with larger firms.  There are no headwinds to speak of.  Make sure you have some growth. 

Market.  The 10 year yield in the US is up to 3%.  Friday the anxiety in the US on the rising yield reduced.  There was a lot of coverage of the yield curve last week.  Everyone is concerned.  Long rates are going to go higher here and the curve will steepen out a little but the question is how high before things grind to a halt in the economy.  We are starting to see some light on that.  When the 10 year yield hit 3.05%, that is the key point and from there it moves to north of 5%, but he does not think we will see that.  We are going to be tested here.  He would want to buy into it rather than fear it.  1000 points could come off the S&P during the next recession.

ETF providers have monthly income funds.  They are an ETF of ETFs.  They are focused on yield and higher dividends.  ZMI-T is an example.  It is 61 basis points cost.  It is global and managed by a portfolio manager. 

Educational Segment.  Digital Currency.  In Sweden in the 1660s they were the first to issue paper currency.  They are likely to be the first in the world to issue crypto currencies – a foreign, crypto backed digital currency.  He thinks central banks will control it.  The demand for paper currency went up after the financial crisis.  Crypto currency solves the problem with negative interest rates. 

The 10-year US yield at 3% doesn't mean very much. Would his clients accept US t-bonds at this rate? No. But as yields rise, it would make US stocks slightly less attactive. He's not selling stocks to buy more bonds, but pleased to receive slightly higher yields on bonds. It's a little better, that's all. Investors have been complacent given the strong markets of the past two years. Guess what? We'll have more 3-5% drops (like in early-February) to come. Own quality stocks and hold some cash to buy cheaper stocks. With dividends, those stocks will out-earn fixed income bonds.