WS #16948
While tech collapses, energy and shipping are surging. Brent crude has climbed past $97, and Maersk has lifted its earnings forecast after a 155% jump in Q3 EBIT. This divergence suggests that the macro environment is not uniformly bearish; rather, it is a sector rotation away from growth/tech and into value/energy, likely driven by geopolitical tensions and inflationary pressures that hurt tech valuations but benefit commodity producers.
Energy & Macro Divergence
While tech collapses, energy and shipping are surging. Brent crude has climbed past $97, and Maersk has lifted its earnings forecast after a 155% jump in Q3 EBIT. This divergence suggests that the macro environment is not uniformly bearish; rather, it is a sector rotation away from growth/tech and into value/energy, likely driven by geopolitical tensions and inflationary pressures that hurt tech valuations but benefit commodity producers.