An Undeniable Relationship
Below is a synopsis of this investment report:
- The daily price action in the U.S. stock market has been taken hostage by oil prices over the past several months.
- The relationship between oil and the S&P 500 is so strong that they appear to be moving in lockstep each day.
- Oil does not drive our economy, and its relationship to the stock market will not last. However, it’s best to avoid the temptation to trade through this dislocation.
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