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Tue Apr 23, 2019, 05:55 PM

S&P 500 and Nasdaq rally to record closing highs after strong earnings from broad range of companies

https://www.cnbc.com/2019/04/23/stock-market-us-ends-all-exemptions-from-iran-oil-sanctions.html

Ending sanction exemptions to Iranian oil customers like China & India & others,
is causing oil prices to spike, which means more profits for oil producer. That is bullish for stocks but not for consumers. The top 1% gets richer, while working Americans who must drive to work will pay the price.

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Reply S&P 500 and Nasdaq rally to record closing highs after strong earnings from broad range of companies (Original post)
at140 Apr 2019 OP
Ghost Dog Apr 2019 #1
PeeJ52 Apr 2019 #2
at140 Apr 2019 #3

Response to at140 (Original post)

Tue Apr 23, 2019, 05:58 PM

1. Vraiment. What you say is true, at140.


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Response to at140 (Original post)

Tue Apr 23, 2019, 06:05 PM

2. I keep saying, I don't know the correlation, but the stock market sure seems to follow

 

the price of oil.

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Response to PeeJ52 (Reply #2)

Tue Apr 23, 2019, 06:08 PM

3. There is a un-holy alliance between oil prices and stocks

I have noticed that for a very long time as well.

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