Energy (OW) (XEG-T, XLE-US): closing the gap with energy CDSs?
Investors’ disdain for energy stocks remains unabated with the sector oversold, undervalued and undercrowded as evidenced by the NA energy sector weight lingering at all-time lows at ~3%. Industry headwinds are well understood, but sentiment that the sector is a value trap is so ingrained in the minds of investors that the only marginal buyers … Read more