Based on Donovan's analyses, Smart Monies are moving their funds away from Defensive Stocks, REITs and Stocks in favour of banks, commodity, Oil & Gas, energy sector - interest rate rising drives these movements. This creates strong support for counters they made their entry and then cause them to be bullish, and price weakness on the counters they have sold (hence bearish due to weak holders). Should you panic then when you find your defensive counters becoming bearish?
First reflect and examine why did you buy these counters. Usually our motive behind buying these stocks is their resilience and ability to provide realised gains in the form of passive income. Capital gain may be part of the goal, but not necessarily the main one. REITs, trusts and most defensive stocks are reliant on debt/gearing, so indeed it is true that rising interest rates will have some impact. But it's...