It’s almost time to buy big oil.
In fact, traders who were looking to buy into the energy sector two months ago have a much better opportunity to do so today. The Energy Select Sector Fund (XLE) has declined 10% over the past two months.
So, while the S&P 500 and NASDAQ are hitting new all-time highs, and while stocks like NVIDIA (NVDA) and Microsoft (MSFT) are trading at historically expensive valuations, the energy sector looks like a bargain.
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