With rates rising, missiles dropping on other side world and inflation scare buying the XLE energy ETF is the perfect buy and setup if you're not invested in energy. The XLE is up over 100% since its bottom, and up more than any other sector for 2021 now. Oil is rising, and with what's going on all over the world it looks like that won't stop any time soon. This sector is on its 3rd month of gains for 2021 and not even overbought yet. March has 20% of gains left in it, and if it breaks out this triangle lookout. you will add another 20-40% on top of that.
I'm not saying this will go straight up but it has been the underperformer behind everything the past years, which is making this the ripe to be the best performer for 2021. I own tech in my portfolio but holding the XLE is perfect for a hedge if rates spike again wrecking Tech stocks once again.
I'm not saying this will go straight up but it has been the underperformer behind everything the past years, which is making this the ripe to be the best performer for 2021. I own tech in my portfolio but holding the XLE is perfect for a hedge if rates spike again wrecking Tech stocks once again.