Energy’s 50% sprint ranks among the fastest since 1990
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The energy sector reached a 50% gain this year in 196 trading days through Wednesday, marking the fifth-fastest rally to that threshold among all sectors since 1990, according to Bespoke Investment Group.
Four rallies were faster, including energy’s 2021 run of 194 trading days. The ranking measures how many trading days each sector took to reach a 50% year-to-date gain.
The fastest was energy’s 2022 rally, which reached the 50% threshold in 94 trading days. Technology (XLK) followed in 1995, taking 133 days, while technology in 1997 reached the milestone in 150 days. Energy in 2021 ranked fourth at 194 days.
Technology (XLK) also recorded 50% year-to-date rallies in 2009, 2023, 1999, and 1998, with each taking between 216 and 223 trading days, according to the chart. The graphic showed that five sectors had never closed at a 50% year-to-date gain: consumer discretionary (XLY), consumer staples (XLP), industrials (XLI), materials (XLB), and real estate (XLRE).
Here is the chart:
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