Here’s where the smart money believes oil prices could wreak havoc on the stock market
The markets continue to soar despite the Iran war and a host of other worries, but the smart money has quietly settled on a gauge for figuring when things could go south – and all eyes are on the price of oil, On The Money has learned. Specifically, the warning level I’m hearing from CEOs, hedge fund types and high net-worth brokers is close to $120 a barrel.
Reported by 1 outlet — New York Post. See all sources ↓
The markets continue to soar despite the Iran war and a host of other worries, but the smart money has quietly settled on a gauge for figuring when things could go south – and all eyes are on the price of oil, On The Money has learned. Specifically, the warning level I’m hearing from CEOs, hedge fund types and high net-worth brokers is close to $120 a barrel. If you believe the sentiment, that’s pretty good news given that even with the conflict in the Persian Gulf heating up, oil is still hovering around $80 a barrel. Does that mean you should start buying stocks?
Read the full report at New York Post ↗
Why it matters
A world story we're tracking; its significance and source trust firm up as more outlets confirm it.
- What's the story?
- The markets continue to soar despite the Iran war and a host of other worries, but the smart money has quietly settled on a gauge for figuring when things could go south – and all eyes are on the price of oil, On The Money has learned. Specifically, the warning level I’m hearing from CEOs, hedge fund types and high net-worth brokers is close to $120 a barrel.
- How widely is it covered?
- 1 outlet, average source rating 5.0/10.
- When was it last updated?
- 7m ago.
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Here’s where the smart money believes oil prices could wreak havoc on the stock market
Sources1TypeCoverageNew York Post