Aug 30th, 2013 | Matt Insley | Category: News
This week, Middle East conflict is a higher concern to investors than the overall global economy, analysts say, citing divergent trends in stocks and commodities, particularly oil.
"The Standard & Poor's 500 Index (SPX) slid 1.6 percent to 1,630.48… while West Texas Intermediate surged 2.9 percent to $109.01 a barrel on the New York Mercantile Exchange.
The 4.5 percentage-point divergence was the widest since November 2011.
The spread may be expected to widen further when/if western intervention occurs.
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The Managing Editor of the Daily Resource Hunter, Matt is the Agora Financial in-house specialist on commodities and natural resources.
He holds a degree from the University of Maryland with a double major in Business and Environmental Economics.
Although always familiar with the financial markets, his
main area of expertise stems from his
background in the Agricultural and Natural Resources (AGNR) department.
Over the past years he's
stayed well ahead of the curve with forward thinking ideas in both resource stocks and hard commodities.
Insley's commentary has been featured by MarketWatch.
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