Oil Stocks Are Trading At A Deep Discount Right Now
- Date: 09-Mar-2022
- Source: Yahoo News
- Sector:Financial Markets
- Country:Gulf
Oil Stocks Are Trading At A Deep Discount Right Now
With energy stocks the only green sector in yesterday's broad market rout as war in Ukraine dominates markets...
.... on a historic basis the group still has a long way to go before catching up with the broader market, which has benefited from outsized gains in tech according to Bloomberg's Felice Marantz who notes that since 1990, tech stocks have well outpaced any other sector, followed by consumer discretionary stocks and then health care.
The energy index, on the other hand, has significantly lagged the broader S&P 500.
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