We’re not far away from 2023 – a year that investors are hoping will bring greater fortunes than 2022, and for a good reason. This past year has been quite shaky. Macroeconomic uncertainty, geopolitical instability, and a hawkish FED have so far driven the S&P 500 (SPX) 17% lower year-to-date. The best-performing sector has been energy, which is up roughly 50%, partially offsetting the massive losses recorded in other areas. In fact, excluding some small gains made in utilities, almost every other sector has been more or less deep in the red this year. With that said, let’s do a quick sector recap, ranked from the best-performing to the worst-performing one.
Source: TradingViewEnergy (XLE): Up 50.6%
Energy has…
