If oil hits US$100, expect a big fall in stocks amid economic pain
Markets swung back to the red overnight, as the oil price touched above US$80 and may keep rising. Fears of the impact of such a shock increase is sending stocks down – but if oil hits US$100, as analysts predict, it may be a more serious correction of around 12%. It oil and (surprisingly) software stocks that are holding up.
Watchlist: Viva Energy, Expedia, Marvell Technology
Check out these stocks: www.moomoo.com/quote
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