The rebound in the energy sector is incredibly strong. Adding leverage with ETFs like $Pro Ultr Bloomberg Crude Oil(UCO.US) and $MicroSectors Oil & Gas Exploration & Production 3X Lev ETN(OILU.US) makes the recovery speed lightning fast.
However, precious metals have crashed hard. Seeing $Abrdn Platinum ETF Trust(PPLT.US) and $Abrdn Palladium ETF Trust(PALL.US) down -4% and -7% today is just shocking. $Abrdn Silver ETF Trust(SIVR.US) also plunged. It feels like all the money is being sucked into crude oil.
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