It just doesn’t make any sense right now.
The stock market seems to be completely unaware of the fact that the U.S. economy is in a recession, likely a prolonged one.
The S&P 500 crossed the psychological 3,000-point mark and the Dow recently closed above its 200-day moving average for the first time since February.
Recession? What recession?
Even though the market isn’t responding in a way it typically would, there have been some constants: Tech and health care have led the way while energy stocks have been weak.
In fact, according to Banyan Hill Publishing’s Brian Christopher, energy stocks have registered the worst performance of any sector in five of the last seven quarters.
But, as you'll see in this chart, energy stocks are starting to rally. That means, as an investor, the time is now to find that diamond in the rough to produce big future gains.
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