Coal Stocks Make a Comeback π The Chart Report
Chart of the Day
π Today's Chart of the Day was shared by Christian Fromhertz.
The Range Global Coal ETF (COAL), launched in January 2024, closed at new all-time highs and posted its best day of the year.
Meanwhile, the original VanEck Vectors Coal ETF (KOL) was liquidated almost perfectly at the cycle lows in 2020, right before coal equities began their historic run.
Markets have a funny habit of pulling the plug at the wrong time, with delistings and closures often aligning with major bottoms.
The Takeaway: Coal stocks continue to be a strong group within Energy, with the Coal ETF making record highs today.
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