Energy Sector is oversold

[dan_s]

Most portfolios are likely over-allocated to the technology sector, whose growth is largely responsible for displacing other sectors, including energy, within domestic equity indices. The market caps of Microsoft, Apple or Amazon are each larger than the entire energy sector’s weighting within the S&P500. Most tech stocks are now "priced to perfection", while most oil & gas stocks are priced as if the sky is falling.