Yes, oil closed below $60 on Friday, but the U.S. stock market closed up – way up from Tuesday’s close. The Fed’s action/non-action might seem the cause, but that looks like coincidental timing. With oil stocks like Chevron selling at both extremely attractive valuations and strong price support levels..., the market turnabout was waiting in the wings, only needing a gentle push to hit the stage in full action.

Topics:  u.s    tuesday s   fed s   chevron    panic following   oil   emotion   stock market   closed   
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