Investing Article

Here Is Why the Oil Market Cannot Dictate the Direction of the Stock Market Anymore

08/22/2016 - 2:33pm By: Max Keiser

The direction of the crude oil market has been among the top factors that are deciding whether the markets will gain or lose. Here’s proof.
Earlier in the year, the US market was down as fears grew about oil companies going bankrupt due to low oil prices, thereby, hurting banks and the economy at large in the process.
The chart above backs the point above. And as the chart above shows, it wasn’t until crude oil started a rally that the S&P 500 started recovering, before very positive vibes from the economy out-powered the crude oil market to help the S&P 500 register a new all-time high in July...

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