Monkey see, monkey do. Today’s article explains why when oil has a bad day, stocks aren’t too far behind. Here’s what they had to say, “Stocks and crude oil have been glued at the hip in 2016 — for better or worse. It was a scary linkage last week when oil prices plummeted to $26 a barrel, dragging the S&P 500 to levels unseen since April 2014. But then oil spiked a ridiculous 23% late last week, carrying stocks sharply higher.” To read more, CLICK HERE.
Category: Gold, Oil, and Energy
We are in the middle of a resource and commodity boom. The ZenectWealth team covers everything from stocks to options, including the newest investment ideas surrounding mining and energy resources including gold, silver, rare earth, green energy, new energy technologies, and more.
Oil And Stocks
Together 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.
Finishing The Year Strong?
Today’s article explains what happened Tuesday that left stocks higher. Here’s what they had to say, “U.S. stocks climbed sharply higher Tuesday as a rebound in oil prices helped reinvigorate bullish sentiment on Wall Street. The Dow Jones Industrial Average finished near session highs, posting a triple-digit point gain while the S&P 500 index scored solid broad-based gains, propelling the index to a 1% annual gain with a two sessions of trading left in 2015.” To read more, CLICK HERE.