Update: U.S Energy Sector - The Best Performer For July | Tuesday, 01 August 2023
On Monday 03 July I highlighted the Energy as the sector as a recovery opportunity.
Out the 11 SPDR sector, the XLE has been the best performer for the month.
Sector Performance For July (via Koyfin)
Initially, I discussed the potential underperformance in September 2022.
By the end of June 2023, Energy had underperformed the S&P 500 index by 23%
On 03 July, the following Energy ETFs were highlighted, with the trend lines and channels being a key factor. Also noted at the time was the oil price emerging from a consolidation phase.
Energy ETF Performance
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Analyst: Unum Capital