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Should You Sell Chevron (CVX)?

TCW Funds, an investment management company, released its “TCW Relative Value Large Cap Fund” Q3 2024 investor letter. A copy of the letter can be downloaded here. In the third quarter, U.S. and European indices reached all-time highs, fueled by optimism surrounding central bank easing, decreasing inflation, rising hopes for a soft landing, and stimulus measures in China. In the third quarter, all sectors of the Russell 1000 Value posted gains, except for energy. The portfolio’s top ten average-weighted names returned 12.9%, on average, better than the portfolio and benchmark index....