Author: John Pugliano
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$107 Oil doesn’t faze the Market
Today’s trouble in the Middle East is reminiscent of the 2011 Libyan civil war. By April 2011 oil prices were rising, WTI peaked at around $111 and Brent was over $126. The S&P500 had been in an uptrend and topped on April 25. By August the index had plummeted 18% from April’s high. That 2011…