The pandemic plays and stay-at-home stocks have really taken a beating in the market
For a long time, investors have been in “buy the dip” mode nearly every time the markets pulled back. However, the new trend appears to have changed to the less catchy “find something new to sell”. Investor nervousness continues to creep higher as the Cboe Market Volatility Index has moved a little higher every day this week.
There are many other political risks around oil right now. Regulatory risk: Last year when President Biden came into office, he greatly limited the amount of drilling that could take place on public lands and offshore. Embargo risk: The United Statesis also trying stop Russia’s Nord 2 pipeline going into Germany as a way to battle Russia’s growing influence in the area. Unrest risk: Kazakhstan experienced unrest earlier this month over its oil production.
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