BMYMP - Off To The RACES: Natural Gas Equities Continue Crushing FAANG Stocks
- Quietly, there has been a historical capital rotation that has been ongoing in the markets for roughly a year-and-a-half now.
- Economically-sensitive and inflationary-sensitive stocks are significantly outperforming over this time frame.
- This outperformance can get lost in the backdrop of the strong returns in the broader market, including in the much-celebrated FAANG names.
- However, year-to-date, over the past year, and since Jan. 1, 2020, there has been a pronounced shift of performance under the surface.
- A microcosm of this is the fact that a collection of loathed natural gas equities has trounced the performance of the much-loved FAANG equities over the aforementioned time frames.
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Off To The RACES: Natural Gas Equities Continue Crushing FAANG Stocks