Energy Investing - I cringe - Tax loss selling season has another 23 days to run <EOM> - Energy Investing - InvestorVillage


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Msg  536499 of 550945  at  12/7/2023 12:16:48 PM  by

us2u001


Re: I cringe - Tax loss selling season has another 23 days to run <EOM>

 
 Regarding energy the key this week will be spec positions.  They were already entering the lower band related to net (long vs short positioning) given historical relatives on WTI.  Would not be surprised when those numbers come out that they are near extreme lows of the past. It then becomes a risk vs reward issue for them, the paper market rules in the short term, that might have looked pretty good at $80, not so much at $69 when everyone is on the same side of the boat. Seasonally oil usually finds a low in December. Macro is the wild card in here. 
 
 Tax loss season, the funds typically have year ends Oct 31st for the most part, the large caps have likely seen the worst of it. The small illiquid stuff might get sold into year end as retail carries on getting rid of losers. After the 14th the market volume tends to dry up.  


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