it issued the last of its remaining shares and requested approval from the Securities and Exchange Commission to register an additional 4 billion. The lack of new issuances threatens to decouple the ETF from oil and its price changes.
Investors looking for clear winners and losers amid the market turmoil aren't going to have it easy, said Chris Zaccarelli, chief investment officer at Independent Advisor Alliance. The near-term outlook favors firms equipped to address the current demand shortage, he added, but several variables could quickly shift market sentiments.
"Shippers and storage facility companies looked interesting yesterday and potentially still have room to run in the near term, depending on how long the current supply/demand/storage situation lasts," Zaccarelli said in an emailed statement."Energy companies appear to be a falling knife at this point."
The white man will have to do his own bidding sorrynotsorry
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