“Climbing Oil Prices Bearish for Stocks”? It’s a Myth!

By Elliott Wave International There&#8217;s a widespread belief that rising oil prices are bearish for the main stock indexes and falling oil prices are bullish for stocks. That belief is reflected in this Sept. 5 CNBC headline: Dow closes nearly 200 points lower as rising oil prices drag down stocks &#8230; But wait a minute, &#8230; <a href="https://www.forexcycle.com/elliott-wave-courses/136956-climbing-oil-prices-bearish-for-stocks-its-a-myth.html">Continue reading<span> "&#8220;Climbing Oil Prices Bearish for Stocks&#8221;? It&#8217;s a Myth!"</span></a>