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Howard Gold’s No-Nonsense Investing: Fund manager who correctly predicted 2014 drop in oil now sees prices in the $30s

The dark days of February 2016, when oil and stock prices were in a race to the bottom, are a distant memory. The lows were hit on Feb. 11, when the S&P 500 Index closed a bit above 1,829 and West Texas Intermediate crude settled just north of $26 a barrel.

Since then, of course, the S&P 500 SPX, +0.18% has hit new highs, while crude prices have more than doubled. They’re a bit off their 52-week high of $55.22.

And since the election, energy stocks have been among the best performers. The Energy Select Sector SPDR XLE, -0.23% has risen almost 8%, as investors expect the Trump administration to stoke economic growth, and cut taxes and regulations.

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