With oil around triple digits, energy-focused giants are thriving. What’s good for them is bad for everyone else, so the XLE fund is trading at record highs (or as your hero might say, “at levels no one ever thought possible before, pretty much.”)
The XOP fund is also continuing its very strong run, although unlike XLE, it is not at record highs. A year ago, XOP looked like it would be heading into the same kind of free-fall that prior rounded tops had prefaced, but it aborted that completely and is now powering higher almost every day.
