Submitted by Mark Hanna
Courtesy of MarketMontage. View original post here.
While people don’t like it at the pump, market players definitely prefer to see a strong bid in oil. Since that “flash crash” of sorts Monday the action in crude has been very weak. Certainly something to keep an eye on as it is a major outlier here. Obviously a lot of stocks are tied to crude in the energy complex so when it is weak, it hurts this portion of the market as well.
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