Oil price drops could trigger a 10% rebound in the stock market, say Wall Street strategists
2026-09-28 08:30:19
CoinMeta data: Wall Street strategists say that a decline in oil prices could trigger a rebound in the stock market, and they expect significant gains in both the stock and crypto markets by the end of 2026, with the key lying in the trend of oil prices. The yield on 10-year U.S. Treasury bonds closed at 5.17% on Friday, the highest level since 2007, and such interest rate hikes usually put pressure on the stock and crypto markets. Turtle Creek Strategist David Spika believes that the S&P 500 index still has the potential to rise by 5% to 10% before the end of the year. He pointed out that WTI oil prices closed at $92 on Friday, a significant drop from over $100 earlier this month. If oil prices continue to fall, inflationary pressures will ease, thereby reducing long-term borrowing costs and providing more room for high-priced stocks to rise.
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Source:BeInCrypto
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