SAUDI ARABIAN KING HAS POWER OVER THE U.S. STOCK MARKET RALLY $USO $XLE $XOM $CVX $HAL $MRO $CLR $OAS $SPY
President Trump deserves credit for the stock market rally, as he has unleased “animal spirits.”
No wonder it’s being called the Trump rally. But that was yesterday. The more important question now is who holds the most power over this rally in the weeks and months ahead?
The answer may surprise you. It is Salman, the king of Saudi Arabia. He is the absolute monarch. And Saudi Arabia is the biggest member of OPEC.
How does King Salman hold so much power over the stock market in the good old USA? There is, at times, a strong correlation between oil prices and stock prices.… Please click here or the title below to read more.
March 14, 2017