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If we learned anything this week, its that the economy is getting stronger. Today we got even more evidence. Economic growth at the start of the year wasnt really as bad as initially thought. According to the commerce department, the designations Gross Domestic Product increased. 8 . Throw still weak, corporate profits rose and the decline in business inventory investment was less severe. Still, the needed proof that the economy is rebounding, well, listen to what Federal Reserve chair janet yellen said today. Its appropriate, and ive said this in the past, i think for the fed to gradually and cautiously increase our overnight Interest Rate over time. And probably in the coming months such a move would be approp she made no mention of overseas concerns, something that has kept the fed on hold in the past. And wit ....
Was it enough to turn the tide with investors . A case of conscious uncoupling. Gains for oil stocks despite a second straight day of losses for oil. Are stocks pricing in a bottom for crude . What does it mean for the rally . I dont think so. Welcome. The Oil Volatility index is still above 50. Brian kelly outlined a number of times oil was headed down to 20. Its getting close. I still think the commodity is actually under pressure. Why the Stocks Holding in there . I dont have a good answer other than fact people are saying oils got to be close to a bottom. I dont think the turns coming. Theyre expensive. Exxonmobil at 22 times forward earnings doesnt make sense in this environment. Neither does schlumberger. All those stocks are going to revisit august lows. If there are bigger implications for what we are seeing in commodities versus stocks . The price of oil versus the o ....