Big Day for Energy

There’s an unusually wide divide in today’s market. Energy stocks are doing very well while tech stocks are lagging. The tech sector is down close to 2% and the energy sector is up close to 5%.

The overall market is down today but not by much, even though many individual stocks are getting dinged. The strength in energy makes it appear that value is doing well today.

The weakness in tech isn’t hitting us so much, although Thermo Fisher is down over 2%. The big news for us will come after the close when Trex reports. Wall Street expects earnings of 36 cents per share.

Here’s a look at the growing divide between stocks (red) and bonds (blue):

Posted by Eddy Elfenbein on February 22nd, 2021 at 1:21 pm

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