Tuesday, February 23, 2016

Nightcap 2-23-16

Stocks were lower today as was oil. The markets have been a see saw lately. Up one day, down another. It's as if investors are not sure what direction the market is supposed to go. Personally I have found that stocks have basically been following oil for the last few months. If oil is up, stocks are usually up. If oil is down, stocks are usually down. The correlation is not perfect, but more often than not, it has been the case. The other big news tonight is that Donald Trump look like he is the likely winner in Nevada. So Trump rolls into Super Tuesday next week with all the momentum. If trump winds a majority of states next week he will most likely be the Republican nominee. There was nothing else of great importance in the news today (other than the usual mess).

What do you think?