Jason Goepfert

10-29-2020 at 5:32 pm

Daily Report : Drawdown in energy stocks is the worst of any sector, ever

Energy stocks have lost 60% more from their highs than did the broader market. That's the worst of any sector going back to 1928. Usually, a sector's relative losses have stopped at about 35%. Other times a sector's investors suffered that much relative to the S&P 500, it outperformed over the next 1-3 years.

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