Oil Shocks/War: Lessons from 1990 – 1991
By datatrekresearch in YouTube
In this video, DataTrek co-founder Nick Colas breaks down how oil prices and US stocks responded to Iraq’s invasion of Kuwait in August 1990 and the subsequent Gulf War I in January - February 1991. The S&P 500 bottomed on the same day WTI peaked, long before there was a resolution to this geopolitical crisis. This lesson is important for today should current Mideast tensions grow worse in the coming days and weeks.
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