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Energy Stocks Are Flashing A Signal Unseen Since The 2022 Oil Crisis - State Street Energy Select Sector SPDR ETF (ARCA:XLE)
Benzinga· 2026-03-05 20:13
Energy stocks are diverging sharply from the rest of the U.S. equity market as oil prices surge following the outbreak of conflict in Iran — a pattern investors haven't seen since the 2022 Russian invasion of Ukraine.Five days into the conflict, the broader market has absorbed the geopolitical shock surprisingly well. The SPDR S&P 500 ETF Trust (NYSE:SPY) is down only about 1% for the week.But beneath the surface, something relevant is happening.Wall Street is splitting into two camps: industries that produ ...