Yellen Decoupled Stocks From Oil, BofA Warns It Won’t Last

Friday, December 19, 2014
By Paul Martin

by Tyler Durden
ZeroHedge.com
12/19/2014

As we have noted in the last two days, on the heels of Janet Yellen’s mutterings, US equity markets have exploded higher even as the highly correlated and causative oil prices have done anything but rise. This ‘fact’ has not escaped BofA’s Hans Mikkelsen’s attention as he warns, “While stocks currently are getting a break from oil, it appears most likely that they reconnect when the decline in oil prices accelerates – especially if we see associated weakness in credit and EM.” And sure enough, modestly at first, the two are starting to converge this morning…

The Rest…HERE

Leave a Reply

Join the revolution in 2018. Revolution Radio is 100% volunteer ran. Any contributions are greatly appreciated. God bless!

Follow us on Twitter