Kotok: We'd Rather Be in a House Than a Lump of Gold

The video discusses the impact of bond proxies on equity markets, highlighting the performance of utilities and the ETF XLU. It covers sector rotation and the strategy of taking profits in light of known interest rates. The U.S. housing market is analyzed, emphasizing its long cycle and resilience to interest rate changes. The discussion also touches on the impact of interest rates on utilities and the potential of hard assets like gold, considering market demand and monetary factors.

Discuss the implications of sector rotation in equity markets as mentioned in the text.

What are the potential risks associated with the utilities and interest-sensitive sectors?