The Bulls Are Siding with Energy, As ‘ERX’ Jumps 20% YTD
January 11, 2021 at 12:39 PM EST
Energy is on the move, with the Direxion Daily Energy Bull 3X Shares (ERX) up about 20% to start the year. Much of the strength can be attributed to oil prices rallying after the commodity had its best week in four months. OPEC member Saudi Arabia caught traders off guard with a surprise production...