After Leading the S&P 500 in 2021, Here's Why Energy Stocks Could Continue to Soar in 2022
Can you guess what the best-performing sector in the S&P 500 was in 2021? Was it technology, which has been an outperformer for the last decade? Nope. Healthcare, as companies looked to combat COVID-19 and its variants? Think again.
No, the best-performing sector was the energy sector, up by around 48% through Dec. 29, compared with a 27.6% gain (excluding dividends) for the S&P 500, according to Yardeni Research.
This may be surprising, given concerns over climate change and the emergence of both the delta and omicron variants this year. Yet traditional energy has lagged behind the market for years, so it caught up in a flurry in 2021.
Source Fool.com
