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XLE tracks a market-cap-weighted index of US energy companies in the S&P 500.
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Seeking AlphaMar 12
Is The Tide Turning In The Energy Sector?
Natural gas remains bullish but we are likely to see a seasonal switch in the immediate future. Investors in the Energy Select Sector SPDR Fund (XLE) have experienced a turbulent last 6 months with prices of the ETF seeing a 30% drop followed by a 15% rally. For those unfortunate enough to invest at the peak of the price of oil last year, XLE remains 15% below levels seen at that point while inventors tracking the S&P 500 have almost seen their holdings return to break-even. In this article, I am going to...