HOW CONCERNING IS THE RECENT SPIKE IN OIL PRICES?Monday’s news was filled with blurbs similar to the one below from CNBC:“Stocks fell on Monday amid fears that a surge in oil prices following an attack in Saudi Arabia could slow down global economic growth.”Thus, it may be helpful to know how stocks have performed after big one-day spikes in the price of oil. Charlie Bilello’s Twitter feed (@CharlieBilello) contains dates of the largest one-day spikes in the price of oil (1983-2019).
