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Oil And Stocks Are Locked Together In Vicious Death Spiral

TedTed
in The Bullpen
FYI: As crude goes, so goes the stock market.

The SPDR S&P 500 (SPY) is plunging another 2.6% in early trading on Tuesday, following the price of West Texas Intermediate crude. U.S. oil prices fell 4.5% to $28.23, a new low since 2003. The United States Oil Fund (USO), which owns short-term oil futures, sank by 4.5% — on pace for its third record close in a row.
Regards,
Ted
http://blogs.barrons.com/focusonfunds/2016/01/20/oil-and-stocks-are-locked-together-in-vicious-death-spiral/tab/print/
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