Big Banks Defend Energy Stocks
December 09, 2015 at 07:30 AM EST
The Energy Select Sector SPDR (NYSEArca: XLE) is down more than 22% year-to-date and the SPDR S&P Oil & Gas Exploration & Production ETF (NYSEArca: XOP) is down more than 32%. Those performances explain why short sellers have so eagerly attacked the energy sector this year, but now some...