The Extreme Movers Message: Lower Oil Ahead?
The question, of course, is whether declining oil prices are a good thing for equities. The past decade has shown a strong correlation between oil and stocks. Markets actually like oil rising (to a certain point), and don't like when they are falling. Could this weakness in energy be yet another warning of an October correction in which we may be in the early stages?
Should be a fun next few weeks.
At the time of publication the author had no position in any of the stocks mentioned.
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