XLE Stock Analysis - Why it is time to sell XLE stock & Oil

Описание к видео XLE Stock Analysis - Why it is time to sell XLE stock & Oil

XLE stock is likely to sell off from this level and the price of oil will go down. With a Trump presidency, inflation will continue higher. There will be additional deficit spending and that is inflationary. Then, with already existing inflation, the Federal Reserve is likely to keep interest rates higher. Because of this, the US economy will contract somewhat and the price of oil will move lower. For these reasons XLE stock will move down.

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