🌟🌟🌟Black Gold is back with a vengeance! Brent Crude has officially broken through the USD 90 per barrel threshold, sparking a fresh wave of panic across global markets and sending inflation weary tech stocks running for cover.
A good tactical bet is to invest in $SPDR Energy Select(XLE.US) as it provides exposure to the Top US Energy giants. These include $ExxonMobil(XOM.US)$Chevron(CVX.US)$ConocoPhillips(COP.US)$Marathon Petroleum(MPC.US)and many more.
The expense ratio is a low 0.08%. The current distribution yield is 2.44%.
Performance wise, XLE is up 37.09% year todate. With the current Iran war, XLE stands to benefit as institutional funds may actively rotate out of high flying tech stocks and pivot to XLE as a macroeconomic hedge.
