World's Worst Hedge: Exxon Mobil (XOM)

Here's a free lesson: don't use XOM as a hedge, unless you need a long position that will hold up in stressed markets. I've highlighted liquidity premium before, but it bears repeating.  Certain stocks completely change personalities depending on the tape.  XOM goes from bloated market stalwart in a normal market to king of . . . → Read More: World's Worst Hedge: Exxon Mobil (XOM)

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