AMEX:XLE   SPDR Select Sector Fund - Energy Select Sector
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:
PS, OPEC sucks, They are manipulating the market to push prices higher. Their time is coming to an end though...EV is the future.
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