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Right now, the safety trade is a winner for those who want to trade in and around energy. With the Energy Select Sector SPDR ETF (XLE) trailing the S&P 500 (SPY) by 9.7% year-to-date, the safety trade has outperformed. The best performing factors over the last three months have been low beta, large cap, high multiple (EV/EBITDA) stocks. The trend will likely continue with the strengthening US dollar - especially if Romney wins - putting pressure on oil.

ENERGY: Playing It Safe - 1