Energy is now the best performing US sector year-to-date. This may catch a lot of people by surprise. I know it did for me. Enthusiasm for the sector has dried up substantially, yet you can argue fears of higher inflation are more intense now than a year ago. The media would much rather discuss the Magnificent 7, or the global stampede into artificial intelligence. I mean, who wants to talk about boring Energy companies when we can review the latest virtual reality headset? I don’t blame them - Technology is fascinating. Discussing the impact of AI on industry can attract an audience. Discussing energy companies that have been around since the late 1800s, not so much!!
Great read, thank you. It seems like Materials are also making that similar [stealth] relative strength turn. It really feels like inflation may not be as done as some might think.
Great read🍀
Great read, thank you. It seems like Materials are also making that similar [stealth] relative strength turn. It really feels like inflation may not be as done as some might think.