What a nice surprise today. Both a collapse in the price of crude to reach new lows, coupled with a surprising rise in consumer confidence, have lifted the stock indexes with a very nice rally today. It seems that lately, receiving two adrenaline shots of good news on the same day, has been very rare. We should take advantage of it. Nice rally today!
Consumer Confidence will probably only have a short-term impact. However, continued demand decay for crude oil could have a more lasting and beneficial influence on stocks.
Consumer Confidence will probably only have a short-term impact. However, continued demand decay for crude oil could have a more lasting and beneficial influence on stocks.
Stock Rally
Crude Collapse
