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NRGZ - Nick Colas: Hedge Against The Broader Market With Energy
Bank of Montreal ZC SP ETN REDEEM 25/03/2039 USD 50 - Ser E Sr MedTrm Nt
Going long on energy stocks is a unique way to hedge against the broader market if you think a correction or recession is on the way, DataTrek Research co-founder Nick Colas told viewers of Real Vision’s Trade Ideas.
As recently as five years ago, energy stocks were 10% of the S&P. “Now, they struggle to hold 5%,” Colas said. “That group is super beaten up. 5% of the S&P is a record low, but if things do spark up, it might well go to 10% again.”