Seems George Soros knows something we don’t!

George Soros is a Hungarian born billionaire investor through the Soros Fund Management firm. He is also a great philanthropist through the Open Society Foundation. The Open Society Foundation is responsible for supporting democratic causes and human rights. Soros endured the Nazi occupation of Hungary a child before he fled to England where he studied at the London School of Economics. George Soros later worked as a stock analyst and a trader in the New York. He is a right person after the success he achieved in his predictions on the financial market movements and his good spending having donated a total of $7 billion.
Actually, George Soros became a billionaire by making right investment decisions. In the last quarter reported by The Street, Soros Fund Management dumped all its shares in NRG Energy, Chevron, and Chesapeake Energy.
Need to invest like a billionaire? Then start with a billion dollars. That’s the best way. For the non-billionaires, the best way is to observe their selling and buying decisions on the street. Consider if you should sell the energy stocks in favor of the more growth opportunities in the other sectors. Major clues as to whether George Soros is acting prematurely or reading the writings on the wall will be provided for the week ahead and prove if he really knows something we don’t!
The prices of energy have been swinging this year on the flimsiest of news. In fact, it has driven intraday volatility in the equity markets. The prices of oil surged last week after Russia, and Saudi Arabia agreed to the surprise accord to have oil production frozen in order to boost the prices of oil. However, the prices of oil quickly tumbled after Iran rejected the idea of freezing oil.
Most investors have been forced to guess as to which way the unpredictable and the troubled energy sector will drive the stocks. For you to be sure that the low energy prices are placing more disposable income in the consumers’ pockets which definitely explains the confidence of consumer resilience this year. You need to keep in mind that United States spends approximately $1.4 trillion yearly on energy which accounts for 8.2% of the gross domestic product.
The recent statistics from the Goldman Sachs reveal that the energy sector accounts for approximately one-third of the S&P capital expenditures and around 25% of the combined research and development and CapEx spending.