The technology, industrial and materials companies are among cyclical sectors that typically strengthen in a rising rate environment as investors turn away from safer assets and shift into riskier areas of the market. Even with the idea that interest rates will rise being a foregone conclusion in some circles, XLI, the largest industrial ETF, is off 1.3% year-to-date. [Time for High Beta ETFs to Shine]

Dow Monthly Performances

 

Chart Courtesy: Chartoftheday.com