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Has Oil Curbed the Upside in US Equity Indexes?

Robert Scott
Updated
Has Oil Curbed the Upside in US Equity Indexes?

On May 17–24, US equity indexes’ correlations with US crude oil July futures were: the Dow Jones Industrial Average Index (DIA) at 74.8% the S&P 500 Index (SPY) at 71.1% the S&P Mid-Cap 400 Index (IVOO) at 56.9%

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