Brent + 7%
After months of under-performance vs the commodity, sector rotation (late
cycle) catch up for oil svs, exploration.
Most Energy stocks failed to show the same degree of strength today as yesterday during WTI's big 20% surge, but we have seen $XOP come back to life and turn up sharply vs$OIH Oil Services in recent days - #Energypic.twitter.com/WoUVqPkEmJ
So far 2019 has been the shooting gallery of dispersion for L/S managers and pair traders. Like $JPM (+18% YTD) vs. $STT (-15%). Less dispersion among sector ETFs-nearly all are green with few exceptions like $XOP (-10%) and $OIH (-2%)
>with a delicate feeling of a selfhating liberal, bought it (OIH) even it never shines vs XLE and only sometimes vsXOP (where bounce of ratio is due). Hope odds of profit are higher than Killary's 2016. #BottomSympathyPlay