Oil Is a Compelling Reason The Sell-Off In Stocks Isn’t Over

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ValueWalk

Oil is a compelling reason why the sell-off in stocks isn’t over.The price of WTI is being underpinned by a weakened dollar and is ready to move higher.Inflation may have peaked but it’s still here and the FOMC is going to keep raising interest rates.If you are wondering if this rebound in the S&P 500 (NYSEARCA:SPY) will hold, if the selloff and bear market is over, they’re not. The CPI for October was better than expected and the market cheered, delivering a solid 5%+ move, but there is a single reason to fear another surge in inflation, another spike in FOMC activity and a sell-off in stocks…

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