The market has been taking some hits after coming off the red-hot summer, led mostly by tech stocks. The pullback in the market we are currently seeing, or at least the bouncing back and fourth has also been led by the loss of steam in those same stocks.
After running hot, it would seem the tech rally is taking a breather, which has paved the way for the energy sector to make its move. Boosted by the news of the OPEC+ nations decided to prolong production cuts until December at the very earliest.
Looking around the market, we continue to see some weakness across the major indexes. If the market continues this selloff, we have many ETFs on watch to either go long or go short depending on the sector ETFs we are talking about.
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