Frank Holmes joins Bernie Lo of CNBC Asia’s Squawk Box to discuss what effect the “catatonic” moves in oil are having on the markets. Frank says that lower energy prices are incredible for the airline industry. On December 7, the massive drop in oil price sent the U.S. Global Jets ETF (JETS) up.
JETS invests in the global airline industry, a sector of the market that has seen record free cash flow this year, according to Frank. See what else is contributing to the positive news for airlines and if this could continue into the New Year.
Watch the interview, “Texas Oil Production Has Definitely Slowed Down,” on CNBC.com.
Article summary written by U.S. Global Investors.