FYI: When was the last time we’ve been able to say that the Energy sector was a market leader? Well, you can say it now. While the S&P 500 is still over 5% from its 52-week closing high, the Energy sector is knocking on those levels and is currently down just 1% from its closing high. In fact, while Technology gets all the attention these days for its leadership, the sector is actually slightly further below its 52-week high than Energy. Granted, Technology has a much larger weighting and is therefore more impactful on the overall index, but strictly in terms of how far each sector is from its 52-week closing high, Energy is on top.
Regards,
Ted
https://www.bespokepremium.com/think-big-blog/energy-market-leader/
