US energy stocks could rerate if energy prices stay elevated, because S&P 500 index holders have effectively been short energy for a decade. Per the quoted post, the equal-weight S&P 500 has fallen against the cap-weighted index for ten years and this year hit its lowest level, below even the 2020 panic low. x.com 

Oil company stocks are a steadier way to play high oil than crude itself. Crude swings wildly on every headline, while producers' earnings benefit as long as prices stay elevated, even without a further surge. Chevron is the best pick: it gains from higher oil prices and from Venezuelan production, having been the only oil major still operating there before Maduro's capture. The Energy Select Sector SPDR ETF is also a good choice, steadier than crude. x.com  x.com 

US energy equities draw a skeptical response, with a sarcastic 'good luck with your energy thesis' to @PrognosticApex but no stated reason. x.com 

The US dollar is about to move higher, and a rising rate of change in the 10-year yield is a risk alongside oil. Selling is picking up under the surface, beyond a breadth breakdown, with rotation into tech delaying the risk. @LJKawa notes the last time the S&P 500 was this close to a record with so few members above their 200-day averages was March 27, 2000, the day after the dot-com closing peak. Index resilience could mean an air pocket lower, or a bounce in equal-weight and small caps. x.com 

Capital is rotating out of crude oil, gold and silver into equities, with crypto to follow, giving the bull market fresh legs. All three commodities look exhausted after their melt-up, though their longer-term debasement, deficit and industrial-demand stories remain intact. Lower energy and commodity prices mean better margins and less inflation pressure. US large caps and the Nasdaq-100 show no signs of topping as AI earnings lift the S&P 500, and bitcoin is likely bottoming in the mid-$60Ks. … Show more