Stocks and oil have never had much of a history together of which to speak. Dating back over the last thirty years, the relationship in monthly returns between stocks and oil has been virtually uncorrelated at +0.03. But despite their long coexistence together in capital markets, the pair suddenly found themselves intertwined and moving in virtual lockstep with one another since the start of 2015. It has been a stormy relationship between the two so far. And if they manage to continue to stay together in the weeks ahead, stocks may end up getting dragged down once again.
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