Oversold Rebound Forms

its chance, of the story’s futures

0.0%on the S&P 500, if it happens

A near-term rebound is plausible because the market just saw an unexpectedly large API crude draw and the daily selloff may have overshot fundamentals. Bargain buying by refiners, commodity funds, and physical users could stabilize prices above the low-$80s.

What it moves

Energy+1.3%
Consumer Cyclicals−0.2%
Oil prices▲ up

Sectors in percent; other series by direction only.

Each figure is the modeled move of the S&P 500 if the outcome occurs. For information only. Not investment advice.

Oversold Rebound Forms

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