Yahoo Finance: "Oil slump may be enough to squash ‘peak earnings’ fears"

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Yahoo Finance: "Oil slump may be enough to squash ‘peak earnings’ fears"

Excerpt from Yahoo Finance quoting DataTrek’s Nick Colas:

…. “Plus, investors shouldn’t attribute the recent stock market declines in October and November to oil. Their simultaneous declines are merely a coincidence.

“Crude oil and stock prices are not highly correlated at present, regardless of their similar declines,” wrote Nick Colas, co-founder of DataTrek Research in a note to clients Friday. “To our thinking, that’s good news. This means oil prices are more focused on industry-specific supply sentiment, while stocks are wrestling with interest rates and peak earnings chatter”….

Read the whole article here on Yahoo Finance!