MRKT Call: Just Another Bear Market Rally?
RiskReversal Pod
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The XLE and the OIH
I think the market's been taken by somewhat of a surprise that Russian oil production has it hasn't declined. With Chinese demand recovering you're seeing refiners in China both on the private and public side buying a lot more crude again. Energy stocks in this environment specifically they're gonna hold up a lot better than some of their tech rivals so I'm still you know there's not right now the energy trade in my opinion is still alive and well obviously today not a particularly good day but we'll see what happens 82 and a half that's that 200-day moving average.
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