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Shhh… Wall Street is hiding a secret from you. The secret? Big Oil is beating Big Tech in 2024. After finishing 2023 with a loss as the broader market soared, energy stocks have started 2024 with a sharp rally that has them beating the broader tech indexes this year. How Energy Investors Are WinningThe Energy Select Sector SPDR Fund (XLE) was up more than 13% in the first quarter of 2024, while the Nasdaq-100 Index ($IUXX) gained just 8.7%. XLE is now up 16.4% year-to-date, while the tech-heavy Nasdaq-100 is up just under 7%. Adding to that outperformance is the massive amounts of payouts that…

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