I am slow today, can anyone explain why Oil and Gas would get nailed over the DeepSeek news?
I thought this would explain the connection. Didn't work for me.
https://www.okenergytoday.com/2025/01/crude-oil-and-ok-energy-stocks-dropped-on-monday/
This has to be a typical stampede without any thinking. I bought a significant position in PLTR on Friday and then watched a 6% drop on Monday, given the news, I understand the excitement. PLTR has recovered today, so has NVDA, but the oil sector is still getting whipped.
Cliff