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One of the strengths to the market in 2022 has been the energy trade. Back from 2020 obscurity, it looked like it was poised for the next secular bull. However, with recent data pointing to weakness headed into 2023, it didn’t take much for Fed Speak to drive energy equities lower. As the dollar positions itself to rise, oil stocks may be poised to fall on outlook and spoil the end-of-year rally. (UUP, XLE, XOP, ERX, AGNC)…
