Energy hasn't even broken out yet

JC Parets
October 6, 2022

People get so angry when I tell them that Energy stocks haven't even broken out yet...

The historic outperformance in Energy over the past 2 years is just the pregame.

The real party hasn't even gotten started.

The DJ is still setting up....

We haven't even mixed the jungle juice.

Take a look at the Energy Sector Index still stuck below those 2008 highs. And its largest component Exxon Mobil (23.7% weighting) below those same levels:

Meanwhile, there are a lot of people who were gullible enough to believe that investing in ESG was a good idea.

I mean, it couldn't have been a worse idea - this whole concept of losing money in "pro-social", "environmentally-friendly" companies lol, and with "good corporate governance"....

Come on. How does losing money in companies telling fairy tales going help the world?

Wall street did a great job, as usual, of convincing folks who are bad at math to put their money into these ESG scams.

Could you imagine?

And just think...

Energy stocks haven't even broken out of their bases yet.

I believe we're still in the very early stages of a secular uptrend for Energy.

And the damage ESG funds are doing to investors' portfolios is just starting.

This is the beginning.

So what are we doing about it?

Well, our NEW Rangefinder App has been really really helpful in finding the best entry points in our favorite Energy stocks.

If you don't have it yet, I'm not sure what you're waiting for.

Call Mary at 323-421-7991 to access the App.

We went over all of my favorite trades and setups on this week's Live Conference Call.

ASC Premium Members can access that video here.

Let me know if you have any questions.

I love hearing from you.

- JC

 

 

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