Yet again stocks rally with crude oil
This report covers a theme we have discussed over recent weeks BUT because we believe it's so important to be clear on our view for 2016 we feel compelled to clarify it in simple terms. US equities have rallied strongly for a 4th straight day and suddenly they are 6.6% above their lows and less than 10% below their all-time highs! Market Matters has been pushing against the crowd over recent weeks calling a fresh all-time high for US stocks in 2016, admittedly a view that at times has been hard to reconcile. We can assure you that this report is certainly not focussed on how well we have called it (so far) but, of course, we are glad not to have panicked and dumped all our stocks 5-6% lower; and more importantly, let’s prepare for the unfolding volatile path ahead. (VIEW LINK)
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