Yahoo Finance: “Oil slump may be enough to squash ‘peak earnings’ fears” - DataTrek Research
18 Nov
Facebook Twitter Google Linkedin Pinterest

Trial DataTrek Morning Briefings for Free

Thousands of investors and financial journalists rely on Nick and Jessica’s newsletter every day for their thought-provoking work on markets, data and disruption. See why for yourself by starting a 2-week FREE trial below.


By clicking submit, you agree that you have read and understand our Terms of Service, Subscription Agreement, and Privacy Policy, and hereby agree to be bound by them.

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

By admin_45 in IN THE NEWS 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!

Trial DataTrek Morning Briefings for Free

Thousands of investors and financial journalists rely on Nick and Jessica’s newsletter every day for their thought-provoking work on markets, data and disruption. See why for yourself by starting a 2-week FREE trial below.


By clicking submit, you agree that you have read and understand our Terms of Service, Subscription Agreement, and Privacy Policy, and hereby agree to be bound by them.