The unrest in the Middle East is still giving cues to the stock market here in the US, but quity investors are still holding tight on the belief the economy is strong, so recovery wins the day. As normal, the daily swings for investors turn from good to bad especially on the news of newer battles and no peace on the horizon.
But the fear, as always, has been that because of the oil prices and the timid economy there is fear of a derailment of sorts. And this has everyone watching the equity market to see the direction it will take in the days to come. Because the market is sentiment-driven everyone has their eyes on what could potentially turn the market in a different direction.
Shifting to oil stocks may be a plan for some, others want to wait and see the correlations between oil and equities before making a move.