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authornic <ra@afu.re>2025-12-16 17:17:22 -0500
committernic <ra@afu.re>2025-12-16 17:17:22 -0500
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+Energy was most punished sector in 2020
+- Lockdown crushed demand
+- Energy transition theme (solar, batteries, lithium, rather than oil & gas
+
+
+2021: Economic recovery & found out the world was still running on fossil fuel
+
+2022:Russia/Ukraine was the cherry on top. Along with greatest inflation surge in more than 40 years
+by april investor where most overweight commodities since 2006
+
+2023: XLE underperformed SPY by 26%
+
+2024: CKE underperformed SPY by 24%
+
+2025: may 25 weight among investor 2.5 std dev below average, energy as never been so hated, not even in 2020
+