The year 2020 has been unusually volatile for the U.S. financial market, but more so for the energy sector thanks to nationwide lockdowns and subsequent fuel demand destruction. It’s become a recurring theme, but the oil and gas sector has again emerged as the worst performer among America’s 11 sectors for the 11th straight year. Indeed, Refinitiv data shows that the S&P 500 earnings growth rate would have only declined 2.3% when you exclude the energy sector instead of the 6.5% when you include it. That’s quite damning for the index’s smallest sector, representing just 2.3% of the index in aggregate market cap weighting. But that does not automatically mean that the sector has become totally uninvestable. In fact, here’s a big secret: Not only has the Energy Select Sector SPDR Fund (XLE) climbed 23% over the past one-and-a-half months, but in today’s battered energy sector, the best place […]