Image Source: Pexels
Equities had a decidedly mixed day - just three of 11 S&P 500 sectors finished higher by 4 PM. The energy sector, as tracked by the XLE ETF, was one of those standouts, and it’s easy to see why: Geopolitical risk and tension is continuing to increase, and supply is getting thin.
Oil in particular looks bullish. Gas prices could hit or exceed $4 a gallon by spring. That’s inflationary, and that’s spooking bond traders - bonds sold off steeply as yields spiked. I think energy options are where it’s “at” right now, so that’s what we’ll look at today…
Video Length: 00:20:32
More By This Author:
Complacency, Inflation, And Time For A Hedge
NVDA Double Top Formation Impacts Everything
This Will Determine The Next Move For Stocks
Comments
Log in or sign up to join the conversation.