Oil Fails to Rally Stocks

One of the more effective factors in prompting algos to buy stocks is the price of oil. Yet, as we’ve been discussing, higher oil prices are a double-edged sword as they can drive inflation to levels which prompt uncomfortably high interest rates.

Thus, even though the latest 3-D chess moves out of the White House have driven oil prices 2.5% higher overnight, S&P 500 futures are off 10 points.

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