FYI: Oil has surged this year and energy stocks have rallied, but interest in the sector continues to shrink day by day. The weighting of energy equities within the S&P 500 is at its lowest level since at least 1990, according to Bloomberg—last standing at a mere 4.87%.
That makes energy the fourth-smallest sector, ahead of only utilities, real estate and materials.
Regards,
Ted
https://www.etf.com/sections/blog/energy-sectors-impact-shrinking
