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Recent
stock market performance correlating with oil market action
seems a bit overblown - Senseless! According to this chart,
Energy sector = 6.6% of S&P. Most other sectors should
benefit from cheap oil |
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00:01 - 08/03/16 |
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If
commodities bottom, then everything must be fine for
stocks and economy....right? History
says not necessarily |
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Crude
Oil: 400th consecutive trading day below its 200-day moving
avg, by far the longest downtrend in history |
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Crude oil is up 33% over the last 15 days. This chart shows
what that could be signaling |
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