Watch out: about one third of the S&P 500 total market capitalization comes from the energy industry, is this how the massive correction can start ?
So far, the US equities market is not imploding.
However, just in case, let’s clear something:
We’re talking about 32% (ok, just a little less than one third, our bad) of the market capex of S&P 500.
And since falling oil prices are set to hit the famous US shale sector too, well, this may end with a big fall.
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