Ominous Oil-Equity Divergence Looms As WTI Crashes To 4-Month Lows
by Tyler Durden
ZeroHedge.com
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
