Monday, July 25, 2016

Stock Market's Oil Peak

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*Material peaks in oil have led major stock market peaks.
*The longest lag we've seen is 2 months and 9 days.
*Oil is dropping due in part to global demand fears. We think the stock market is also exposed to such fundamentals.
*We are bearish on both oil and the stock market.
We've been bearish on both oil and the stock market. We think there is an understandable relationship between the two. Both react to overall demand. We've heard many global bodies come out recently to say that global demand is slowing. We expect that this can also ultimately drag the stock market lower.
Here's a chart showing the leading nature of oil to the stock market.
You can see that oil peaks correspond in advance to stock market peaks.

Chaim Siegel has been working with hedge funds and mutual funds as an analyst and PM his entire career. Chaim specializes in earnings and predicts, analyzes and reacts to earnings and earnings events as well as developing current company stories with a hedge fund perspective. If you want his analysis real time sign up to the right for real time email alerts. #in, $spy, $qqq, $iwm, $vxx, $ycs, $fxe, $EUO, $YCS, ^GSPC, INDEXSP:.INX, #elazaradvisorsllc, CME Globex: ES Disclosure: These trades can lose you money and principal especially when using leverage BY USING THIS SITE YOU AGREE TO TAKE ALL RESPONSIBILITY FOR YOUR OUTCOMES AND LOSSES AND HOLD BESTIDEAS, ITS CONTRIBUTORS AND ELAZAR ADVISORS, LLC HARMLESS

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