✉news BusinessMarkets first seen 3 h ago, last 23 min ago, peak #7
Barclays says oil must fall for year-end stock rally
Original: One group of funds is holding up the stock market. Barclays says oil prices have to fall to drive a year-end rally.
Barclays strategists argue that a specific group of funds is currently supporting the stock market, but a sustained year-end rally depends on oil prices falling. Lower crude costs would ease inflation pressure and could encourage central banks to soften policy, clearing the way for equities to advance into the close of the year.
Why now: Investors are weighing whether falling oil prices could unlock a year-end stock market rally.
Barclaysstock marketoil prices
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Evidence
- One group of funds is holding up the stock market. Barclays says oil prices have to fall to drive a year-end rally. · MarketWatch
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