Trouble Lurks For Energy ETFs... Once Again
May 09, 2019 at 10:07 AM EDT
Count the energy sector among the groups being stung by the ongoing US/China spat. For much of this year, the energy sector has been a solid group, but recently, some of that strength has evaporated. The Energy Select Sector SPDR ( XLE A ) is lower by 3.57% over the past week and while the largest energy exchange traded fund is still up 11% year-to-date, it is in danger of entering another bear market.
