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BLOOMBERG Bloomberg Markets August 15, 2016

Records for all three major averages. There is another milestone we reached today. Thes 26 straight sessions s p has moved at least 1 . This goes all the way back to july 8. We have seen the s p up 8 in that timeline, and hitting records on multiple occasions as progress has continued to be slow progress upward. Lets look at the major averages. They are holding relatively steady with gains of 4 for the s p and the dow ands euro. 6 for the nasdaq. A lot of the gains have to do with oil prices. We have seen the correlation of oil and stocks come back. It was broken for a little bit. Crude oil recently entered a bear market, dropping 20 . But we have seen something up over the past five sessions. And once again today on this talk out of saudi arabia and russia about pipe stabilization at the opec meeting in algiers next month. This is having an effect on oil stocks. Chevron, conoco phillips, and others are some of the larger ones on the rise. We are looking at the latest association of ho ....

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