Stocks Falling on April 20 As Oil Prices Plunge

in #money4 years ago

Stocks are falling on April 20 as WTI Oil prices drop by 25% to under $14 on the front-month contracts. The next significant level of support for oil comes around $10.50, a price not seen in decades. The oil market is telling us that not all is well in the economy and that demand is weak. I talked about this disconnect in the week ahead commentary for subscribers yesterday. Simple, put, the signals from the commodity, bond and forex market are not reflecting the same bullish optimism of the equity market.

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