By all accounts conventional power buyers — these concentrating on oil and fuel corporations — are having an excellent 12 months. West Texas Intermediate crude oil broke above $84 on Wednesday for the primary time in seven years, and the power sector is much and away the top-performing S&P 500 group this 12 months. The features do, in fact, comply with years of underperformance as buyers fled the sector. However 2021’s return is notable nonetheless.
And one market-beating portfolio supervisor believes the group is simply getting began.