Banks are a potential beneficiary of higher rates, and despite
broader stock market weakness, the S&P 500 financial sector was actually up last week.
I was also puzzled by the bid in the crude oil market the last 2 weeks (in the face of
stock market weakness) and I thought CAD could benefit from rising crude.
While an inverted yield curve has tended to precede
stock market weakness, you don't need an inverted yield curve to have stock market weakness.