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It’s never really a bear market until all the stragglers get taken out and shot. So it was just a matter of time before energy stocks, the big winners for much of the first half of this year, got nailed.
Now the Energy Select Sector SPDR Fund XLE and the SPDR S&P Oil & Gas Exploration & Production XOP exchange-traded funds (ETFs) are down 27% to 36% from their 2022 peaks – official bear-market territory.
This…
