The refining business depends on the economy Valero (VLO) and Marathon (MPC) make a comeback Lots of room for higher prices-Sector rotation can be a powerful force Earnings depend on crack spreads- An economic indicator Vaccines, US energy policy, and seasonality scream buy on weakness
Sector rotation in the stock market describes a phenomenon where share prices of companies in similar businesses tend to perform alike. Since 2018, the energy sector of the stock market has lagged the rest of the market. With the leading indices trading at or near all-time highs, energy-related companies have not participated in the bull market.
As stocks moved higher over the past years, energy shares lagged the upside move. When corrections occurred, the energy sector often led the way