3 Big Reasons Why We Shorted Oil Stocks-How We Did It-And Why We Just Covered
Shorting overbought and overhyped oil and oil stocks (XLE) with a levered up but lower cost inverse oil stock ETF (ERY). Certainly, markets overall have been volatile and chaotic recently. The recent push past 4.5% on the 10-year Treasury yield seems to be the main catalyst for taking stocks lower and interest rates higher. Even…