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%.

Read on The Source

Share:

Author: HEDGE

Hedge Accordingly was founded ahead of the global financial crisis in January of 2008, with the goal of providing our readers our unique take on The Latest News on Wall Street, Stocks, #Politics and Business news. Hedge Accordingly produces both original, and aggregated #Wallst news content from top publishers around the world. We curate aggregated content covering the latest news on politics, stocks, wall street, and the tech industry. We also provide free stock charting, quotes and a bitcoin, forex and currency exchange. Learn More About HEDGEaccordingly.com