The energy sector has emerged as the worst-performing of the United States’ 11 market sectors in the current year, dropping to its lowest point relative to the S&P 500 since 1931. However, the oil and gas sector has managed to stage something of a comeback over the past few days, gaining momentum and rallying 9% thanks to Trump re-election odds improving quite dramatically as early results rolled in. Trump has vowed to continue supporting the sector, while Biden is widely viewed as being against the fracking industry. Yet, one Wall Street pundit has advised to hold on to your horses and avoid rushing your fences. Oppenheimer ‘s head of technical analysis Ari Wald says the sector’s woes began well before the election period and could carry on no matter who ascends to the Oval Office come January 20. “The sector has really been troubled not only for the last […]