Submitted by InterestingHurry1834 t3_yi61jk in wallstreetbets
Ancient_Implement_30 t1_iuhnock wrote
Reply to comment by cheaptissueburlap in Why aren't people buying energy stocks? by InterestingHurry1834
Yep. It’s at a peak. Energy was good in 2020. Now most stocks are up 5X
northdancer t1_iujcumy wrote
Even after the past two years, I think energy only makes up 5% of the S&P which is far, far off its historical average. S&P is still like 25% technology.
Ask yourself in a year's time if energy is still only going to make up 5% of the S&P.
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