Energy (XLE) in 2015
Energy (XLE) opened 2015 at $39.76 and closed at $30.16, a -24.15% move for the year. The high of $41.47 was reached on April 29, and the low of $29.4 on December 18.
Monthly Breakdown
| Month | Open | Close | High | Low | Change |
|---|---|---|---|---|---|
| Jan | $39.76 | $37.78 | $39.76 | $36.43 | -5.00% |
| Feb | $38.93 | $39.51 | $41.15 | $38.93 | +1.49% |
| Mar | $39.24 | $38.79 | $39.38 | $37.31 | -1.13% |
| Apr | $38.78 | $41.34 | $41.47 | $38.78 | +6.60% |
| May | $41.44 | $39.19 | $41.44 | $39.19 | -5.41% |
| Jun | $39.1 | $37.58 | $39.37 | $37.32 | -3.88% |
| Jul | $37.1 | $34.69 | $37.27 | $34.26 | -6.50% |
| Aug | $33.96 | $33.22 | $35.28 | $29.61 | -2.19% |
| Sep | $32.04 | $30.6 | $32.66 | $29.9 | -4.51% |
| Oct | $30.66 | $34.01 | $34.69 | $30.66 | +10.94% |
| Nov | $34.81 | $34.01 | $35.7 | $32.99 | -2.30% |
| Dec | $34.28 | $30.16 | $34.28 | $29.4 | -12.02% |
Events During 2015
The PBoC devalued the yuan by 1.9% in a single day on August 11, 2015, the first meaningful devaluation since 1994. Global risk assets convulsed.
Brent crude fell from $115 in June 2014 to $27 in January 2016, a 77% collapse. Shale oversupply and OPEC's refusal to cut production broke the commodity supercycle that had dominated markets since 2003.
The Swiss National Bank abandoned its 1.20 EUR/CHF floor on January 15, 2015. The franc immediately surged 30%, blowing up retail FX brokers and exposing the fragility of exchange rate commitments.
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