The violent rotation out of bonds and defensive stock-market sectors is fueling a rally in cyclical stocks, with financials reaping the lion’s share of the gains and fund inflows.
Energy shares haven’t fared badly, but some analysts think the sector could soon be poised to play catch-up based on technical and fundamental factors.
Analysts at Oppenheimer offered the group of charts below in a weekend note. It’s encouraging, they said, for oil and energy bulls to see the U.S. crude benchmark
They argued that a bullish reversal in the sector’s long-term...