Energy has been one of the most hated sectors over the past three years, and indeed for 5 of the past 6 years.
Source: Novel Investor
Over the past dozen years, energy has been a serious laggard, and this trend has been gathering further pace on the back of the ESG tsunami and the growing imperative for institutional investor virtue-signalling.
The other US sector that's had a torrid dozen years has been financials.
With the coronavirus spreading, oil looks like to get walloped even further as travel is banned.
Source: Bloomberg
Of course, this is a 'value' style of investing which tends to work well over a 10-20 year timeframe, rather than seeking out short-term momentum.
I'm all for buying Aussie companies - or the Aussie indexes - when they're cheaper, but at today's prices...well, it's not for me.
I'm all for buying Aussie companies - or the Aussie indexes - when they're cheaper, but at today's prices...well, it's not for me.
In the more immediate term, let's hope this wretched virus gets under control!
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Tesla (NASDAQ: TSLA) is looking for a market open at around $650 (!) after a Q4 earnings beat, sending the market cap hurtling towards US$120 billion.
I'm not even going to spend any time on the multiples...stock price, bro!
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Tesla (NASDAQ: TSLA) is looking for a market open at around $650 (!) after a Q4 earnings beat, sending the market cap hurtling towards US$120 billion.
I'm not even going to spend any time on the multiples...stock price, bro!
