SPDR Select Sector Fund - Energy Select SectorArca
Description
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The Energy Sector will be the first to sell off once high growth becomes favored again. XLE is overpriced because of inflation fears when in reality inflation is on a downtrend Month over Month. I expected to see Energy costs fall in the short term along with XLE's price. Playing 2/18 $61 puts at $1.59 a contract.
Comment
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PS, OPEC sucks, They are manipulating the market to push prices higher. Their time is coming to an end though...EV is the future.