Investors are fleeing energy stocks like the economy’s been locked down
The last time investors were distancing themselves from energy stocks this much, we were also socially distancing from one another.
A measure of positioning developed by Deutsche Bank has slipped to its lowest level since 2020, ahead of the announcement of Pfizer’s progress on developing a vaccine.
That means investors have largely been missing out on a rare pocket of the market that’s done well stateside: the energy…
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https://sherwood.news/markets/broadcom-dips-after-report-that-alphabets-turning-elsewhere-for-custom-ai/
