From the desk of Steve Strazza @Sstrazza
Energy stocks and Crude Oil have been trending in opposite directions over the trailing three months.
We know these kinds of intermarket relationships can dislocate for extended periods of time, but some recent developments in the space have us thinking it may be time for this divergence to correct itself... and it's likely to come in the form of Crude catching down as opposed to stocks catching up.
In this post, we'll reveal this week's Mystery Chart and discuss what the recent action in Oil could mean for Energy stocks in the weeks/months ahead.
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