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XLE ‘buyer’s remorse’, loses post-Trump election gains

There is a distinct bearish divergence between XLE (Energy Select Sector SPDR  ETF) and WTI. XLE has completely reversed it’s post-Trump election gains and is now in the red.

XLE (top), USOIL (bottom); XLE loses all gains since 08 November 2016

XLE (top), USOIL (bottom); XLE loses all gains since 08 November 2016

In this chart, their positive correlation.

XLE, USOIL (WTI) overlay

XLE, USOIL (WTI) overlay

 

Buyer’s remorse according to Wikipedia

Buyer’s remorse (or buyer’s regret) is the sense of regret after having made a purchase. It is frequently associated with the purchase of an expensive item such as a car or a house. It may stem from fear of making the wrong choice, guilt over extravagance, or a suspicion of having been overly influenced by the seller.

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