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It's no secret that Energy is the strongest sector on a cumulative basis…
I mean, I talked about energy stocks twice last week! So I see a lot of profit potential here.
Call them "low-hanging fruit" if you will.
If you look at the Energy Select Sector SPDR Fund (NYSEArca: XLE), which tracks a market-cap-weighted index of U.S. energy companies in the S&P 500, you'll notice it's almost back to swing highs and showing resilience.
So, Roger, why is the Energy market holding on so well? And which energy stocks are on my radar, you might ask? | | |
| I Have an Answer | *clicking these links will automatically subscribe you to Roger Scott emails | | | Jeff Zananiri: What's Wrong With The Stock Market Right Now?
Well, Everything… |  |
| The market looks rosy and bright for a lot of investors at the moment… But can you blame them? If the economy is growing strong, then the market will rebound in response. If the economy is weak, then the government will give people more free money.
It's a win-win.
However, things on Wall Street aren't moving like a finely tuned, well-oiled machine like they should… And it has WealthPress Senior Strategist Roger Scott and I scratching our heads, wondering what's wrong with the stock market right now.
We're seeing a lot of overstretched prices and insane moves up and down — have you seen what's been going on with crypto?
And none of this feels steady or stable enough to trade with confidence. The market is vulnerable and pricing in every piece of good news it can find in the world.
Which won't be good in the long run.
| | That's Not Even the Worst of It… | *clicking these links will automatically subscribe you to Joy of the Trade emails | | | | |
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Leading Sectors | June 22, 2021 | I've identified three small-cap plays on tech stock-hybrids that are also exposed to the Industrials and Communication Services sectors — which are hot.
Continue Reading | |  | Score Big Gains With These 2 Large-Cap Retail Stocks
| June 23, 2021 | The personal consumption expenditure just keeps going up, and my readers want in on the action. And I know the best large-cap retail stocks out there.
Continue Reading | | |
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