Stock Market Today: Oil Spikes Higher, Most In Decade

The stock market is pulling back to start the week following news of oil attacks in the Middle East. This news caused crude oil prices to spike higher.

Investors are also taking a breather as they await the Federal Reserve’s interest rate decision this week.

In this week’s video, we discuss crude oil’s big rally, the stock market’s technical structure into the Federal Reserve meeting, and sectors that have benefitted from recent market rotation. Here’s a recap:

Stocks pause as investors respond to the attack in Saudi Arabia.

Oil spikes higher, the most in over a decade.

Industrials stocks are showing signs of relative strength.

Stock Market Today Video – September 17, 2019

Twitter:  @DanRusso_CMT

Author may have a position in mentioned securities at the time of publication. Any opinions expressed herein are solely those of the author, and do not in any way represent the views or opinions of any other person or entity.

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