"This (US) rally is being supported by a large shift of $$ out of bonds,a rotational recent sell off in utilities/REITs"

What utter 'bunk'!  The equities in my portfolio contain 51% utilities/REITs, yet for some reason the local stray 'Cat' can't explain, the value of my portfolio has hit all time high values on 6 of the 8 Fridays since the US election.