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Turbulent market is fueling a never-before-seen trend between energy and S&P 500, Bespoke’s Paul Hickey finds

An unprecedented trend appears to be underway between the booming energy sector and the turbulent stock market.

Over the past ten trading days, the Bespoke Investment Group’s Paul Hickey finds energy has never performed this well while the S&P 500 is trading lower.

“The energy sector is up close to 17% and the S&P 500 is down,” the independent research firm’s co-founder told CNBC’s “Trading Nation” on Tuesday. “This is an unheard of situation that we’re in.”

He highlights the relationship in a special chart with data going back to 1990.