The Oil Sector Is Bad And I Hate It In The Near Term

Lets talk about oil.

Like I’ve said before, I’m no energy trader, so I generally don’t make strong statements about long term trends in the sector, however, after months of flipping through charts and balance sheets I’ve come to a conclusion — the S&P’s energy sector will not be recovering in the near future.

--

--

--

Data analyst and investor Steve Spalding tries to make one compelling, new prediction per weekday.

Recommended from Medium

Investor DNA 02/03/2020 — Why do we gain weight each year?

NIT vs. UBI vs. Job Guarantee

Middle East Oil & Gas News for the week of March 27, 2020

The World Trends Toward De-Dollarization

Tell me what “free” means.

Thanks To The Fed, The Market Will Likely Rally For The Next Few Weeks

Capitalism for an Inclusive Economy

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store
Steve Spalding

Steve Spalding

Writer, builder of internet things, prone to wanderlust and pontificating. Collects interesting people. Enjoys: science, fiction, finance, culture, ze future.

More from Medium

Greeks in Investing

Steeper curve on a week of positive real rates

Four Secret Ingredients to Analyze User-Based Business Models

True Altitude’s Investment in ybot