RBC Capital Markets comments on energy – despite the recent price gains analysts still like the sector: RBC says they remain overweight the sector within the S&P 500.
Citing 3 factors as positive signs:
- Heightened geopolitical risks
- ongoing scepticism about the path of interest rates
- a tailwind from the economy remaining strong
This article was written by Eamonn Sheridan at www.forexlive.com.
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