“Tracking managers will be systematically buying energy stocks and a net seller of technology stocks as the sector weights in the S&P 500 change for at least the next couple of years,” Navellier explained.
That move would catch most investors that don’t buy passive indexes off guard, as some expect a likely price decline in oil prices if a peace deal is ever reached between Russia and Ukraine, given that’s what happened in the early days of the war.
Navellier’s outlook, though extreme, is a continuation of current trends. The technology sector is down 25% year-to-date, while the energy sector is up nearly 70% over the same period.
