NEW YORK ( TheStreet) -- There's been an inverse correlation working between the oil market and the stock market. Oil goes up and stocks come down. To the uninitiated, this would seem to make a lot of intuitive sense. After all, 48% of all the stocks on the NYSE are either directly related to oil or have energy as their primary input cost. Of course, it makes total sense that high oil prices would negatively affect stocks.But the reality is that this is not the way it has been working.
Bet on Oil, Stocks Moving in Lockstep
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