XLE/SPY Relative ratio long term, now at 2008 levels, still looks good on short term daily charts
Trade active:
still active
Trade active:
active
Comment:
On relative basis Energy can still outperform the SPY, but it seems that most of the "steep" relative outperformance of this year is done and will not be repeated in 2023.
Trade active:
Continues, energy still outperforming broader SPX
Trade active