Thornburg’s Christian Hoffmann in MarketWatch

Could the crude oil market bust spell trouble for high-flying U.S. stocks?

The disconnect between downbeat commodity values and highflying equities in the past month puzzles investors

Could the current slump in crude oil prices to historic lows mean the U.S. stock market’s recovery since late March is fragile ?

That’s a question some are asking as the disconnect between downbeat commodity values and high-flying equities in the past month puzzles investors trying to figure out which market will ultimately prove right on the U.S. economy. If energy markets are correct, equities could succumb to gravity and give up the gains seen since March 23.

The implosion of crude oil markets in the past week holds a mirror to the broader distress in the U.S. and global economy.

Read more here on MarketWatch: https://www.marketwatch.com/story/could-the-crude-oil-market-bust-spell-trouble-for-high-flying-us-stocks-2020-04-25

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