I’m in exactly the same boat Sean. A while back, I believe it was CEO who plotted the sxy share price against the Brent price and it was almost a perfect correlation. I am banking on a vaccine by years end or just after and fingers crossed, a settling of tensions in the US once the election is decided. These should push oil back into the $50’s which in turn should push sxy into the 40’s and be my long awaited exit.
SXY Price at posting:
32.5¢ Sentiment: Buy Disclosure: Held