And Then It Was Energy's Turn

Summary

• The Energy sector bounced along with the overall market on Tuesday, but last week, it was that sector’s turn to get taken to the woodshed.
• Last week marked just the sixth period in the last 30+ years that the Energy sector underperformed the S&P 500 by more than ten percentage points in a five-trading day span.
• Since 2020, the range of out/underperformance for the sector relative to the S&P 500 has widened out to an unprecedented range.

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The Energy sector bounced along with the overall market on Tuesday, but last week, it was that sector’s turn to get taken to the woodshed. Throughout the year, Energy was the only sector that worked, and less than two weeks