For most of this admittedly still young year, oil and the broad stock market have been moving in opposite directions. Crude futures (CL), even after a couple of down days, finished yesterday around 12% higher than they closed out the year, while the S&P 500 was about 6% lower than on December 31st, 2021.
That is a big difference over just three weeks, so why is that happening and, more importantly, what does it mean? There are a lot of reasons why those two markets might move in opposite directions for a while without it being particularly…Why Are Oil Prices And Stock Markets Diverging?
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