Unleash The Canaries

The narrative since the start of the New Year has been how the decline in oil prices has weighed on the stock market. And through the first two and half weeks of the year, this appeared to make good sense. But in the last couple of weeks, a new force appears to be at work that is driving stock prices lower. It is the European banks, and the magnitude of recent price declines is something certainly worth monitoring in the days and weeks ahead.

Please click on the link to read more of my article on Seeking Alpha.

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