A Resting Bull-Market - Energy Equities - Up almost 100% since the end of 2019, the State Street Energy Select Sector SPDR ETF (XLE) resembles a consolidating bull market. My graphic highlights XLE's divergent strength vs. the price of WTI crude oil, which is down 2% to Dec. 5 over the same time period. Full report on the Bloomberg here: https://blinks.bloomberg.com/news/stories/t6y6udkgifqo {BI COMD} #crudeoil #naturalgas #stockmarket @BBGIntelligence(Mike McGlone)