According to analysis by market research firm The Kobeissi Letter, the S&P 500 energy sector achieved a 50% year-to-date gain in just 196 trading days, ranking fifth fastest among all S&P 500 sectors since 1990.
In comparison, in 2022, the energy sector rose 50% in just 94 trading days, setting a 36-year record. The technology sector took 133 and 160 trading days to achieve the same gain in 1996 and 1997, respectively. In contrast, since 1990, the consumer discretionary, consumer staples, industrial, materials, and real estate sectors have never achieved a 50% year-to-date gain.
The energy sector is experiencing one of the most remarkable rallies in decades.
