Closing Bell Overtime: Warning Shot for the Bulls? 9/14/22
Closing Bell
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Long Oil Is a Good Hedge to a Short Equity View
There's a cluster of premium valuation within the market. Tesla and Amazon are top five stocks that have monstrous PE's right now The median is actually on demanding so does that come into play at all in terms of the top down view? I think right now I would be long oil and I think long oil is a good hedge to a Short equity view. If you do get an oil spike Right inflation is having a problem right now with oil in the low 80s mid 80s if oil were to spike again, which I think is a very real potential scenario in the next couple months.
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