A lot of negativity has already been priced into energy stocks, traders say $XLE (via TradingNation)
because the way this is ultimately going to get solved is, yes, production cuts, but [also] getting people back to work, getting the economy running and increasing the demand for oil," Chiavarone said.
"I think virus data that shows that maybe we're past the peak," Chiavarone said. "We're able to look through, see that reopening of the economy, see that increase in demand, and that's what's being anticipated in the share prices."
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