either rates are going to move higher and this xlu will not bounce or rates don't do much and the xluwn to a pretty good rebound. >> and utilities are telecon >> right it's how do you do their businesses, market shares, all of that stuff. >> one final thing i would say where utilities are concerned. we're thinking about the ability for them to maximize generation. storage of batteries, plus the fact that you have electric cars and batteries. that is a potential driver that you can think about. >> all right now to a group of stocks on fire you guessed it the chips. the sma semiconductor surging 30% in 2017. the rally is getting higher. up double digits are any of these names still a buy? >> second try is going to be a charm. last week i picked the one semiconductor stock they closed down on this week. i want to look at intel. the reason is i think there are a lot of things going for this company. i think they've been digesting a couple of big assets they bought they bought mobileye for $15 billion and there were a couple of a.i. deals in between that. this is a company that's pretty de

i guess the question is, would they rush back into the xlu?acted pretty well it's kind of an expensive sector we have this conversation all the time about growth versus value, that sort of thing. where i shake out on the whole rate trade, on your trade, it makes sense, you're right, options are cheap, it sets up technically, that sort of thing. if the market and the economy and all the stuff that we talk about every night on this desk are as good as we think it is and it's all happening around the world at the same time, the stock market should be able to go up with rising rates. it should be, for all intents and purposes and we've had nothing. what it tells me is, what's wrong here, why is it rates can go up? because everything else is saying all systems go. >> one thing i could quickly throw out also xlu is not like trading tlt. tlt is a fixed income instrument xlu sometimes trades like fixed income but it isn't. these are utility companies. many times you have regulations that can impact their earnings it's obviously a capital intensive bus

xlu is somewhat of a defensive play in this type of environment.eld curve generally means the economy is going to be getting weak er to me, i would be concerned. you've got to think, has the global economy changed that much in two weeks i don't think it's changed in one built. the yield curve has. it concerns me about the banks they've had a tremendous run i would not break it out right now, i would let them consolidate. it concerns them on the tlt as well i wouldn't be surprised to see that >> i sit on the board of an nlp fund i think energy has recovered in a way, the yields on these names are really extraordinary 12, 13, 14, 15%. but if you're looking for places to find yield, the energy space across the board if people suddenly had gotten less concerned about the overriding risk. >> i would just add that, you know, we were talking about consumer staples before. we know they have some decent yields there you said if rates stay low then you probably want to stick around and buy this dip. i think at this point, at this stage of the raily, investor

we all talk about the ten-year tlt closed up on the day slightly xlu, a utilities etf, in my opinion should have sold off a lot more than it did today listen, obviously 24 hours does not a day make, tomorrow is a brand-new day, i get it. if xlu were to go positive tomorrow and the tlt were to rally tomorrow, which there's a good chance, maybe the 210s that are not a big deal for the banks become a big deal for the economy. >> all these correlations seem to be off the table. when you see the dollar is telling you something different than what chair yellen has been telling us, so if we look back historically, you should be a buyer of health care, you should be a buyer of energy, you should be a buyer of telco, with raising rates. united health care is at all time highs health care has already run. energy has not run >> if there would be a true rotation, and jury starting to see that rotation going into value, energy could outperform >> rotation totally makes sense here the dollar's been -- it was overbought, it's been oversold to see it rally with a rate hike >> it should be a strong -

focus on what you got, the gridiron xlu to do there. don't address anything else? we want to see football. >> then maybe both sides need to take a chill. maybe both sides, maybe trump doesn't even need to go there and maybe the nfl players and nba players, maybe they don't need to go there. maybe nobody in sports needs to go there. maybe it needs to be an n. a contract that if they want to protest silently or whatever they want to do, they have to do it off the clock. it's not their right. >> so peter, then -- >> the constitution is the constitution. it's all americans. >> okay. you're right. we're using the constitution. >> peter? does the president have a right to express his opinion? look, it may not be a popular one. it may not what we're used to hearing from our leaders but it is wrong? >> it's not an opinion, unfortunately. he loves to stoke with coal, although it is clean coal in theer yishgs the furnace of his supporters' fear and anger. and so for him it's all about add ra adoration or bust. it's no the about the freed ox expression, the freedom of speech

xlu should have gotten obliterated that day now that seemingly recovered on the good note, xlt, the staples etf, look where it held the july low at 54 xlp against 54. >> she said that every selloff in tech is a buy, but it hasn't. if you look at the way -- >> every selloff -- >> no doubt about it you asked, where would you think the market would go? the s&p 500 broke out at 2400 months ago if it were to come down 4% to that level a lot of technicians would say that's a pretty good level of support some of the big jegest leaders t support will be down in correction carry about 10% that would be the level i think if you want to own your google, if you want to own the apple, reload on facebook and those things. >> why is this time different in your view? >> because i think what really spooked the market today, a combination of fundamental things i think what came at facebook today is something that's been brewing all year long. it's been brewing since late november i think the stock was just for whatever reason ignored it, okay >> what are you -- >> this is happening this is on, zuck is in the