Investors Are Giving Up On The “Low Oil Prices Are Unequivocally Good For America” Meme
by Tyler Durden
ZeroHedge.com
04/27/2015
For 6 months, investors have been buying the idea – pitched by any and every status-quo-sustaining talking head, politician, and central banker – that low oil prices are unequivocally good for America. This has manifested itself in retail stocks handily outperforming the S&P. However, as Bloomberg notes, the last few weeks has seen that reverse dramatically as it appears investors, losing faith in the big-takers, have realized that “consumers aren’t spending as much of the money saved from lower gasoline prices.”
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