This subgroup is poised to benefit most from the crude oil surge, experts say (via ETFEdgeCNBC)
— another leveraged ETF used to trade oil to the upside — rallied over 34%.
"The big question is, ... going forward, is it one and done or are we going to see more?" Lydon reiterated. "A lot of investors out there are thinking that might be the case, so they're actually leveraging up." And while he emphasized that those are primarily "short-term" trades, Lydon also had his eye on the long term.
"[Energy stocks are] undervalued for sure, and prices in general are low," he said. "We've seen what can happen with a big catastrophe, this event that occurred. So, coming down to it, ... we're long-term investors for sure. We're encouraging people to be long term, but there's a trade on right now and people are surely taking advantage of it.""Supply and demand is obviously the key thing that happens within the energy space," Rosenbluth said.
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