Crude Oil Drops Into Bear Market Territory; Pulls Down Equities

Ulli Market Commentary Contact

[Chart courtesy of MarketWatch.com] Moving the Markets Equities were not able to overcome the spanking that took place in oil patch and energy sector with oil touching the $42 handle and tumbling to the lowest level since last November. The transportation sector was affected as well with IYT sinking -1.73% and Natural Resources IGE dropping -1.41%. The Financials (IYF) headed …

Waiting For A Potentially Market Moving Thursday; Crude Oil Gets Crushed

Ulli Market Commentary Contact

[Chart courtesy of MarketWatch.com] Moving the Markets MSM was keeping the hype up ahead of this Thursday by using phrases like “market moving” in regards to Comey’s testimony and the UK election. I think the cat is out of the bag, as Comey’s prepared remarks confirmed there is no smoking gun, which the major indexes took as a positive by …