I'm very confident that for long term real money investors (or long time horizon long/short) a switch/rotation now from tech stonks into oils will pay off massively over the next 1 to 2 years (100% relative basis)
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Since this post 2 months ago it may surprise many but the XLE (oils) has outperformed XLK (tech) by around 16%.
It looks to be decisively breaking out and I do believe this outperformance can last at least a year or two.
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It looks to be decisively breaking out and I do believe this outperformance can last at least a year or two.