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Energy Empire host @JigarShahDC tells @AmyAHarder the one thing he would change about the energy world:
“We are in a place where people want to do things the same way that their grandfather taught them to do them, and it's clearly not working." #AxiosHouse#
Energy stocks are thriving:
The S&P 500 Energy sector has gained +7.98% over the last month, making it the best-performing S&P 500 sector.
Meanwhile, Communication Services is the only other sector with a positive return over this period, up +1.28%.
By comparison, Healthcare, Financials, and Consumer Staples are down -0.45%, -2.40%, and -2.68%, respectively.
The worst-performing sectors are Industrials, Consumer Discretionary, and Utilities, at -9.13%, -6.43%, and -6.18%, respectively.
Energy is the only place where the market is showing strength right now.