Energy stocks have been at this discount to the broader market just 5% of the time, strategist says

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Oil and gas stocks have rarely been this cheap relative to the broader market.

Consider this nugget from David Rosenberg, founder and president at Rosenberg Research: relative to the S&P 500 SPX, which trades at 18 times earnings, energy stocks trade at an eight-point discount, a differential only seen 5% of the time.

Consider this nugget from David Rosenberg, founder and president at Rosenberg Research: relative to the S&P 500 SPX , which trades at 18 times earnings, energy stocks trade at an eight-point discount, a differential only seen 5% of the time.

 

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