XLE - Market Rotating Into Energy
Market topping out, oil looks prime for a break out. See $USOIL idea below. Only question is how high can this rally go if the DXY breaks out of its wedge and rips higher?
If the energy sector takes off, that could give the green light for other equities to continue rallying, while equities go down. That would imply a stronger-than-recent USD and higher priced equities for the next few months aka higher inflation.
Interested to see how this all plays out.
If the energy sector takes off, that could give the green light for other equities to continue rallying, while equities go down. That would imply a stronger-than-recent USD and higher priced equities for the next few months aka higher inflation.
Interested to see how this all plays out.
