One of the things that continues to really stand out to me is the relentless outperformance in Energy stocks, even in the midst of a major correction in Crude Oil.
You can see it perfectly in this chart. Energy stocks today are making new 52-week highs relative to Crude:
When we talk about the strength in Energy stocks this year, the biggest thing that I think is going unnoticed is exactly this.
Stocks got crushed this year. Crude Oil fell 40% from its highs.
But Energy stocks don’t care.
So if they don’t care, then I certainly don’t care.
We’re going to keep buying them.
How about you?
What are you doing about this?
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