I’m getting that sinking feeling in the pit of my stomach about this market. OIH has jumped to $135 and if it continues the ascent, the implication is that energy prices may spike. Food prices are already spiking so it may be that inflation will wallop the market soon but not before a burst of appreciation in my opinion. For now I remain in cash and XHB is getting close to my break even point so I may cash out of that.
Here’s the google link.
ETF Covered Calls website is for educational and entertainment purposes only. Any investment activity is not without risk including loss of principal. Neither this website nor its authors assume any responsibility arising from the use or misuse of any information presented in this blog. You are urged to contact a financial adviser before making any investment decisions. Past performance is no indication of future performance.