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On Wednesday night, Dylan Ratigan started the Fast Money program by stating how oil has been trending downward as financials continue their upward momentum.
Joe Terranova said he was proud to say he is long on Financial Select Sector SPDR (XLF Quote), since he feels crude oil will continue with its current weakness. He then pointed out a chart showing that oil and financials have an inverse relationship.
Pete Najarian added to Terranova's point by saying, "Financials works when oil goes down." ...
Recent Comments
| Dow Jones | S&P 500 | NASDAQ | 10-Year Note | |
|---|---|---|---|---|
| 10,452.68 | 1,109.24 | 2,185.03 | 33.23 |
Oil *
77.73
|
|
DOWN
18.90
|
UP
0.38
|
UP
9.22
|
UP
0.48
|
10 Yr
3.32%
SPDR Gold
119.18
|
|
-0.18%
|
+0.03%
|
+0.42%
|
+1.47%
|
Data delayed 20 minutes |
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