Indexes had a decent sell-off today of which most of it was blamed on higher oil prices. If higher oil prices were really the reason, stocks would be a zero by now. As mentioned in previous posts,
speculation in commodity markets has been one of the major reasons for stock market resilience. Speculation is the black sheep of the investment family and always is an indicator of money's willingness to play. If and when stocks and commodities finally couple together on the downside, that ride would be an unpleasant event. Stuck in a range is the present reality with a bear macro economic view balanced against the bull side micro efforts of the Fed and others.
