Oil prices have dropped from triple digits into the $70s, causing many traders to move on from energy stocks.
Scott Bauer believes that reaction might be premature. He explained why on TD Active Trader Live.
The analysis, insights, and strategies shared by Prosper Trading Academy’s coaches in Prosper Insider are strictly for educational and informational purposes only. All content reflects the personal opinions of the coaches and should not be construed as specific investment advice or recommendations. Any examples discussed are illustrative in nature and do not represent actual live trade signals or instructions to buy or sell securities. Trading involves risk, and individuals should carefully evaluate their own financial situation before making investment decisions.
Scott covers:
- Why financials are no longer flying under the radar
- The geopolitical risk he believes traders stopped pricing into energy stocks
- How compressed volatility in energy stocks could be setting up a move
- How institutional desks are thinking about upside exposure right now
- Why he describes the current market mood as a complacent phase
