Is Oil Helping the S&P 500 Rise?

Is Oil Helping the S&P 500 Rise?

Between July 19 and July 26, 2018, US equity indexes’ correlations with US crude oil September futures were as follows: The S&P Mid-Cap 400’s (IVOO) correlation was 3.2%. The S&P 500’s (SPY) correlation was 59.3%. The Dow Jones Industrial Average’s (DIA) correlation was 93.9%.

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Author: HEDGE

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