NEW YORK (Real Money) -- Nothing like the charts to pour over on a cloudy weekend, where you can look with care at each pictograph and make some decisions about what's really happening and what isn't.
Let me give you some observations from this mountainous perusal.
First, despite the inability of the 10-year to punch through 2.4%, the financials, which need higher rates like California needs rain, are flying. They are the best charts in the book and are almost all in breakout mode.
There are big banks that look terrific, like Bank of New York (BK), JPMorgan (JPM) and PNC (PNC). There are regionals that seem irrepressible, namely, Key (KEY), First Horizon (FHN), Fifth Third (FITB), Huntington (HBAN) and Synovus (SNV). Both of these segments would not be going up if comparisons were getting harder. In fact, you could craft a thesis that all investors might care about is the end to net interest margin compression and we will begin to lap easier comparisons, so that's certainly possible.
There aren't many insurers that look all that special, with AIG (AIG) leading the list. The brokers seem incredibly strong, especially Schwab (SCHW) and E*Trade (ETFC). They, too, react to higher rates and I find their strength a little more puzzling than the banks', because it isn't like people are beating down the doors to trade stocks. Intercontinental (ICE) retains its luster as a brutal consolidator. What a stock! The hybrid that is Northern Trust (NTRS) acts incredibly well, too.