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Renaissance Macro Research Degraaf: I believe energy has more to run

Jeff Degraaf, Renaissance Macro Research, joins 'Closing Bell' to discuss the state of the markets. He also says the markets are being under-appreciative of energy stocks, which have more to run. "I think this is a digestive period as we transition from early cycle, mid cycle, and I think that's what we expect to see," Degraaf said.

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