That's a basic tactical view. While it may be useful for traders, correlation isn't causation. These gaps in performance can take a lot longer than anyone expects to close.
It certainly isn't the entire story.
The full post can be found here.
Wednesday, April 22, 2020
Making sense of the oil crash
Mid-week market update: How should investors interpret the crash in oil prices and its effect on the stock market? The most simplistic way of looking at it is to observe that stock and oil prices have diverged. Either oil has to rally hard, or stocks have to fall down - a lot.
That's a basic tactical view. While it may be useful for traders, correlation isn't causation. These gaps in performance can take a lot longer than anyone expects to close.
It certainly isn't the entire story.
The full post can be found here.
That's a basic tactical view. While it may be useful for traders, correlation isn't causation. These gaps in performance can take a lot longer than anyone expects to close.
It certainly isn't the entire story.
The full post can be found here.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment