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Jul 8 at 05:23 AM
$ExxonMobil(XOM.US)
As mentioned in a previous post, oil has been looking like its basing and about to bottom. And right on cue, the middle east feud raises its head again. Oil prices rebounded as a result along with oil sensitive energy names such as XOM and CVX.
And as expected, tech takes a hit and retreats. Hence why I feel it is necessary to have oil linked energy names as a hedge in a tech portfolio. They balance out each other in uncertainties and make the portfolio more stable.
@Captain's Treasure
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