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Strategies & Market Trends : Young and Older Folk Portfolio
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To: chowder who wrote (9794)9/21/2024 11:36:16 AM
From: dan19441 Recommendation

Recommended By
livwell

   of 21823
 
Chowder:
XLE is +0.70% over the past year while the S&P 500 is +31.45%. This shows why I trim energy when the rig count starts to decline. I usually buy back in when the rig rate starts climbing like it did a couple of years ago when XLE was leading the market.

If I wanted to start building a position in energy, I would start small and slowly add, but I'm not interested in that at this time, but can see where others might be.

Thanks for your reply. I agree that the energy space is certainly confusing, I have taken small positions that I will build/trim based on the market. It is just a play to attempt to play the cycle. Energy is (in my opinion) a significant driver in most products and limiting/controlling the supply is a major factor in our inflation issue.

dan
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