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Kaminsky's Stealth Interest Rate Tell

Gary Kaminksy thinks we may have just gotten a great tell on the future of interest rates.

15% of the stocks that made new highs on the NYSE Wednesday were Master Limited Partnerships or MLP’s.

"MLPs are an asset class that has a very high correlation to interest rate sentiment," explains Kaminksy.

He's talking names like Enbridge, Enterprise Products and Plains All-American - names Kaminksy considers bond equivalents.

"For these MLPs to be hitting new 52-week highs it's a confirmation to me that the recent move higher in interest rates is probably not long lived," Kaminksy says.

"These things don’t have the types of move they’ve recently had if investors think rates are going up."

Want to hear more? Watch the video now!


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Trader disclosure: On July 14, 2010, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s Fast Money were owned by the Fast Money traders; Terranova Owns (GOOG), (AMZN), (MON), (APC), (SUN), (FCX), (GMCR), (MYL), (MRVL), (BAC), (ADI), (ADBE), (AKAM), (HES), (ABT), (CVS), (AXP), (EMC); Adami owns (AGU), (BTU), (NUE), (C), (GS), (INTC), (MSFT); Adami’s wife works at Merck; Finerman owns (AAPL); Finerman’s Firm owns (AEO); Finermans’ Firm owns (ANF); Finerman’s Firm owns (BAC) stock and calls; Finerman and Finerman’s Firm own (BAC) preferred; Finerman and Finerman’s Firm owns (BBY); Finerman’s firm owns (BP) calls; Finerman owns (C); Finerman and Finerman’s Firm own (CVS); Finerman owns (GLW); Finerman’s Firm owns (GOOG); Finerman & Finerman’s Firm owns (HPQ); Finerman & Finerman’s Firm owns (IBM); Finerman owns (JPM) stock & calls; Finerman owns (SKS); Finerman’s firm owns (PM); Finerman’s Firm owns (RIG); Finerman’s Firm owns (TGT); Finerman’s Firm owns (WMT); Finerman’s Firm is short (IJR); Finerman’s Firm is short (IWM); Finerman’s Firm is short (MOY); Finerman’s Firm is short (SPY); Pete Najarian owns (AAPL) call spreads; Pete Najarian owns (AKAM) call spreads; Pete Najarian owns (ALTR) call spreads; Pete Najarian owns (C) calls; Pete Najarian owns (LOW) calls; Pete Najarian owns (NOVL) and calls; Pete Najarian owns (ARMH) and short (ARMH) calls; Pete Najarian owns (XLNX) calls and short (XLNX) calls; Kelly Owns (BP) Puts; Kelly Is Short (GS)

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