ACES - Energy Stocks Keep Climbing The Wall Of Worry

• In March 2020, our suggestion was simple: Dump all your mega-caps holdings and buy the most beaten-up stuff.
• We thought that everything would do well (and it did), but we were almost certain that after losing 60%-90% of their value, smaller caps offer an opportunity of a lifetime.
• We bought like crazy, and being the most beaten-up sector, energy stocks were among the top of our shopping list.
• Eleven months, and triple-digit returns, later, it's time to revisit the "overweight" rating and bullish stance we assigned to the energy sector.
• We still think there's fuel in the energy sector's tank. However, we don't expect the same types of returns, and we certainly don't buy like crazy these days.

For further details see: