Ken Fisher Debunks: the Oil and Stock Correlation

Описание: Fisher Investments’ founder, Executive Chairman and Co-Chief Investment Officer Ken Fisher debunks the myth that oil prices drive stock prices. Many investors worry that persistently elevated oil prices this year could deter a stock market recovery. Ken notes, however, a long history of oil and stock price data proves there is no correlation between the two.

The logic goes that if consumers are forced to spend more money on petroleum-based products like gasoline, they spend less money on other goods—impacting demand and driving lower economic activity. The reality, according to Ken, is that regardless of where consumers spend their money, they are still contributing to GDP.

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Investing in securities involves a risk of loss. Past performance is never a guarantee of future returns. Investing in foreign stock markets involves additional risks, such as the risk of currency fluctuations. The foregoing constitutes the general views of Fisher Investments and should not be regarded as personalized investment advice. Nothing herein is intended to be a recommendation. The opinions expressed are subject to change without notice.