Overtime

Commodities + energy stocks

Good morning,

This week, we’re taking commodities and energy stocks into Overtime.

Energy (+9.7%) is the best-performing sector year-to-date with a return nearly double the next-best sector.

So is this just an oversold bounce following a weak showing last year or the start of something bigger?

We’ll see what the charts say and also look at the technical picture for oil, natural gas, gold, copper, and more.

Let’s get into it!

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Energy stocks

Energy is the best-performing sector YTD

After just a 1% gain last year

The sector has been dead money since June 2022

Only real estate has been worse.

But it could be a huge base

Investors absolutely hate it = huge potential tailwind