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Could Oil Limit Broader Markets’ Growth?

Could Oil Limit Broader Markets’ Growth?

Between July 12 and July 19, US equity indexes’ correlation with US crude oil September futures was as follows: The S&P 500’s (SPY) was 20.6%. The S&P Mid-Cap 400’s (IVOO) was 84.7%. The Dow Jones Industrial Average’s (DIA) was -10.1%.