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Why Oil Could Halt the Broader Market’s Recovery

Robert Scott
Why Oil Could Halt the Broader Market’s Recovery

Between August 2 and August 9, US equity indexes had the following correlation readings with September US crude oil futures follow: the Dow Jones Industrial Average (DIA): 40.1% the S&P 500’s (SPY): 44.1% the S&P Mid-Cap 400’s (IVOO): 80.5%