Crude and Energy Stock Gap

2022.11.21 03:57

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Here are the 2014 and 2018 gaps. In one case runs away to the downside and the doesn’t peak until later, in the other the  ETF catches up amid a broad equities correction 

2018 is a closer analog to the current backdrop in equities assuming the rally is done.

2014

2018

Crude/XLE spread presently

Crude/XLE Spread Presently

Spread tinted for emphasis

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