📈 Business
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Bloomberg
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Guggenheim CIO warns oil shock could trigger 10% US stock selloff
Guggenheim Partners Investment Management warns that if oil prices remain elevated for several months, US stocks could fall by as much as 10%. Such a scenario would threaten the retail-driven "buy-the-dip" dynamic that has supported markets in recent years. The firm's CIO highlighted oil as a key risk factor for equities.
US stocks could fall as much as 10% if oil prices remain elevated for several months, a scenario that risks derailing the retail-driven “buy-the-dip” dynamic that has supported markets in recent years, according to Guggenheim Partners Investment Management.