FYI: Last week I received a news alert that highlighted the extent of the current bear market in energy stocks. Typically, late in a business cycle and with a potential recession on the horizon, some sectors that tend to fare well are utilities, real estate, and energy. That has been the case with the utilities and real estate sectors, as they are two of the top-performing S&P 500 sectors over the past year.
But the sell-off in energy has been brutal. Market data provider FactSet sent an alert last week that showed how many companies in various sectors were setting new 52-week highs and lows. The energy sector, in particular, stood out:
Regards,
Ted
https://www.forbes.com/sites/rrapier/2019/09/01/get-high-yields-from-a-healthy-mlp-sector/#1ba09ef57e0c
