Wrap – Week Ended 11/19/22



The ZLT ended the week down 3.7% on the week after a prior 4 week 24% run as the oil and gas group took a break in the wake of earnings season and with oil retreating ahead of the Russian price cap and member quietness ahead of the December 5th OPEC+ meeting. Oil service continues to look resilient and we have size exposure via frac and to a lessor extent sand names. Renewables were mixed with our solar wedge pushing to recent highs while wind pulled back from the prior week's COP27 inspired pop.  Wind is still a long term play at this point but we are seeing US order flow pick up.

Free Stuff This Month:

Holdings Watch:

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Have a good weekend,



One Response to “Wrap – Week Ended 11/19/22”

  1. 1
    Bill Potter Says:

    Nobody worry, Cramer says we are going to do much better the next four weeks!


    Definitively need to short more.

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