Oil rose again today. The S&P fell a quarter of a percent, so the tape says nothing happened. Something did. Airlines were the worst group on the board while oil services were the best. An oil spike is not a loss, it is a transfer. Southwest's fuel bill is up 67% from a year ago and the increase alone is about 3x the whole quarter's operating profit.
13F ProShare
Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information.
Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.