Oil And Stocks

Oil-drumsTogether like two peas in a pod…just not as pleasant sounding… Today’s article explains why when oil goes down, stocks seem to slip as well. Here’s what they had to say, “If it feels as if the stock market and oil futures are moving in lockstep these days it’s because, to a large extent, they are. As oil futures plunged in the first two weeks of the new year to 12-year lows, U.S. equities put in the worst-ever start to a new calendar year. The Tuesday price action was no exception. Oil futures CLG6, -1.86% CLH6, -1.45% surged overnight, lifting global equities and sending U.S. stock-index futures sharply higher.” To read more, CLICK HERE.