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The Energy Sector’s “Great Vanishing”: Where Do Wealthy Investors Go Now?
In June 2008, energy’s weighting in the S&P 500 peaked at more than 16%, merely steps behind technology’s weighting in the benchmark index. Today, energy accounts for less than 5% of the total S&P 500. What factors have played a hand in the “great vanishing” of traditional oil and gas…
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