Ominous Oil-Equity Divergence Looms As WTI Crashes To 4-Month Lows

Monday, August 1, 2016
By Paul Martin

by Tyler Durden
Aug 1, 2016

This is a crucial level as BofA warns, should oil slice through $40/bbl, attention will quickly switch to weak oil, weak Chinese renminbi and weak credit in a repeat of last summer.

Who needs oil when you have ‘apps’ and ‘eyeballs’? Bloomberg highlights a chart ZH readers have seen countless time before, an “ominous pattern that preceded the two worst equity selloffs in 2015 is showing up again.”

Why is the formation called “ominous”? Because the last two times it emerged, stocks proceeded to tumble

The Rest…HERE

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