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Energy , Stocks , Investing

Oil and Stock Prices: Challenging a Widely Held Belief

See a chart that tests a 52-week correlation between oil and stocks

by Bob Stokes
Updated: January 24, 2018

Should stock market bulls worry more when oil prices are rising... or falling?

You might be surprised at the answer!

Regarding a historic, 52-week test of any correlation between oil and stock prices, the Elliott Wave Theorist noted:

Sometimes it is positive, and sometimes it is negative. In fact, during this [testing] period it has been positive for more time than it has been negative!

So much for the myth that rising oil prices are "always negative for stocks."

Yet, this is just one long-held market myth that we expose in a must-read FREE REPORT.

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