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cheaptissueburlap t1_iuh8p7f wrote

Because they know better than buying the top of a cycle.

When all mms were pushing ong 3months ago it was obvious

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Ancient_Implement_30 t1_iuhnock wrote

Yep. It’s at a peak. Energy was good in 2020. Now most stocks are up 5X

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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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