ein steigender Ölpreis ist kein Grund für fallende Indices und das seit 2009
Financial headlines this week have run the gamut including “When will the surge in oil lead to a collapse in stocks?” and “Stocks
rise despite higher oil prices”. It’s rare to see a headline that’s not fear-based and that looks at the data to see if there’s any
consistent reason for investors to beware the rise in oil.
The main reason given in these articles is usually along the line that rising oil is a stealth tax on consumers, especially now that
we’ve swung back to the idea that bigger vehicles are better. The problem with this is that it hasn’t worked during this entire bull
market. Since the beginning of 2009, stocks have performed better when oil was rising than when it was falling.
The chart below looks at how a buy-and-hold investor would have fared with $1000 starting in 2009, and compares it to her
buddy who only invested when crude oil was above its 200-day moving average. |
Angehängte Grafik:
oilspx.jpg (verkleinert auf 66%)
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