Wednesday, February 9, 2022

Energy stocks get the spotlight

Since the start of 2022, the S&P 500 is down ~4% with tech leading the way lower. And energy is surging, up 24%. The jump in oil prices is playing a role as demand increases, tensions in Russia and parts of the Middle East create geopolitical risk and investors remain concerned about limited OPEC+ supply. However the stocks are even outperforming the 19% rise in West Texas Intermediate crude and Brent’s 18% climb. 

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