Exclusively for CNBC Pro subscribers: Normally a bright spot for investors, the energy industry is acting strange
The energy industry has been one of the few bright spots for investors this year, but there has been some weird activity under the surface of one of the sector's flagship exchange traded funds. Todd Sohn, a technical and ETF strategist at Strategas Securities, highlighted the recent massive outflows from the $39 billion Energy Select Sector SPDR Fund (XLE) despite solid performance for the underlying stocks. Subscribe to CNBC Pro to see what's happening with the energy industry and the record outflows we've been seeing since March. |
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