Four Theories on How Oil Has Hypnotized the Global Stock Market
February 1, 2016 — 4:00 PM AEDT
"Even casual observers know oil is exerting uncommon influence on stocks. What’s less clear is how the energy market has come to dominate sentiment in industries with seemingly no connection to crude prices.
Understanding why oil is casting such a spell is more than an academic inquiry. The reason matters, given how big the moves have been. Almost $1.6 trillion has been erased from U.S. stocks in 2016. If oil is contributing, it’d be nice to know why."
