Oil Prices Are Back Above $100. History Says the Biggest Stock Market Loser May Now Offer the Biggest Upside.

With oil prices hovering above $100 due to Iran war concerns, energy stocks have surged 50% year-to-date. However, the article argues that energy stocks may have limited upside unless oil prices continue rising. Instead, the author suggests consumer discretionary stocks—the worst-performing sector this year—could offer better long-term opportunities if oil prices fall and inflation cools, citing 2023 as a precedent when this sector gained 40% as inflation declined.