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Barclays links year-end stock rally to lower or stable oil prices
Barclays said strategists expect a year-end rally to hinge on oil prices falling or stabilizing, despite the quarter’s usual seasonal strength.
MarketWatch reports that Barclays strategists said a year-end stock-market rally would likely depend on oil prices lowering or stabilizing.
The bank’s view ties the potential late-year upswing to energy-price conditions even as investors look ahead to what it described as the market’s historically best-performing quarter.
Barclays suggested that without that oil-price shift, the rally would be harder to sustain going into year-end, according to MarketWatch.
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