Concerns about stagflation trigger defensive attributes, energy stocks outperform the U.S. stock market in the first quarter, becoming the "best sector."
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In the first quarter of 2025, the SPDR Energy Select Sector ETF, which tracks the S&P 500 Energy Sector, rose by 7.8%, significantly outperforming the S&P 500 Index's decline of 4.4%. Despite a slight drop in oil prices, energy stocks attracted investors due to their inflation-resistant qualities, becoming defensive stocks. A report from Bank of America indicates that institutional investors have poured into the energy sector during the market correction, expecting the industry to maintain growth momentum amid strong earnings and ongoing inflationary pressures
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