Is It a Pullback in the Energy Market?

Philip Borsuk: I really don't like the integrades. I like the drillers. That's the OIH type name, Schlemerger, Haliburton, Baker. They're ones that are idiosyncratic like HAST. But my hunch here and you've annotated the chart is to be underweight energy relative to the market overall. He says he thinks these energy stocks will continue in 2023; we still play energy from the long side. Pundits have been talking about a bear sex elite play which played out right before your very eyes.