09.10.2015 - More Stable Oil Price Can't Come Too Soon for Cyclical Stocks
Greater stability in the price of oil is poised to bolster stocks most closely tied to the economy’s performance, according to Andrew Garthwaite, a global equity strategist at Credit Suisse Group AG. The chart below compares crude-oil prices in New York futures trading with a ratio of U.S. cyclical stocks to shares of defensive companies, which are generally less affected by economic swings. The ratio, based on indexes compiled by FTSE Group, rebounded in the past three weeks from its lowest level since January...............................................Full Article: Source
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