XOP - Exxon Mobil Far Outpacing Salesforce.Com Since It Was Removed From The Dow

• Exxon Mobil was removed from the Dow Jones Industrial Average on Monday, Aug. 31, 2020.
• Salesforce.com replaced Exxon Mobil in the DJIA.
• Since that date, Exxon Mobil has vastly outperformed Salesforce.com, with XOM shares rising 56.3%, and CRM shares declining 24.6%.
• This performance is reflective of a broader market shift where economically-sensitive and inflationary assets are outperforming the disinflationary performance leaders of the past decade.
• Many market participants have very little exposure to energy equities, as it's a very small part of the S&P 500 Index.  This fact is adding to the relative performance pendulum swings.

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