We've seen it before: back in 2007, whenever oil spiked up it would be bad for the consumer and bad for the markets, and the correlation shifted negative. But as we've seen oil trade above $110/bbl, the market seems to not care. What's going on?
In this week's Stocktwits Brunch,we answer that question, as well as:
- how silver is in a bubble and why you shouldn't short it
- what is causing the underperofmance in the Nasdaq
- why oil has further to run
- the Stocktwits 50
- your individual requests
You can watch the show here: