Crude Oil & the Energy Stocks are Getting Ripe For a Breather
- Message to NY sports fans: We know your pain up here in Boston (at least those of us who are over 30). Keep the faith. If the Red Sox and Patriots can become champions multiple times, any city can become “Title Town.” It’s just a matter of time before NY gets back there.
- We remain quite bullish on the energy sector on an intermediate and long-term basis. However, crude oil & the energy stocks are getting quite overbought…and bullish sentiment is reaching extreme levels. Therefore, we think buying this group on dips…instead of chasing it right now…is the better play.
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