RE:Cooling off todayAgreeed, the spikes in COVID19 cases is scaring a lot of people & the stock markets are their mirror.
It could take some time for energy stocks to recover if these spikes are not diminished through repeal of loosened restictions in crowd size, social distancing & hours of opening/closing for bars & clubs.
I didn't see the extent of the devastating effects that a pandemic virus would have on energy stocks; so I can't claim "I saw this coming" but I also didn't see the lack of preparedness & slow response to the problem by the leaders of several countries.
Hopefully next week will bring some relief & oil demand will return to normal by the end of August.
Most of us are currently playing with house money, having made a few bucks already, so we can't cry in our beer, not yet, atleast. .