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Watching the Energy Sector: Does OPEC+ Cut Have Legs?
Saw crude spike again overnight, obviously following the OPEC+ headlines. Interesting to see how this plays out in the market; it feels like the energy sector still has a lot of 'wait and see' priced in. My watchlist includes some of the more resilient mid-caps here, though I'm not chasing anything just yet.
The real question is whether this translates into sustained inflationary pressure that forces the Fed's hand even further. If we see $SPCX and other indices start to really buckle under rate hike fears again, then even seemingly solid plays like $TOP might struggle to hold those recent gains. It's a tricky balance.
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