Surging oil prices might account for some of the stock market’s sideways performance since early September, according to one Wall Street analyst, with crude knocking on the door of a level that traditionally starts to bite into economic activity.
In a Sunday note, Julian Emanuel, chief equity and derivatives strategist at BTIG, took a look at deviations from the 24-month moving average for front-month West Texas Intermediate crude futures CL00. He noted that the top 5% of observations, which occur when the price is 57% above...
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October 19, 2021 at 12:30AM
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Why soaring oil prices could soon make the stock market sputter - MarketWatch
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