Oil prices above $110 are starting to matter to the stock market again

Oil is starting to matter to the stock market again. Stocks have had a curious relationship to oil prices over the last month, with the two assets rising in tandem. Since the close of April 8 , around when President Donald Trump announced a fragile ceasefire with Iran, the S & P 500 rallied 7.2%, while WTI crude futures jumped more than 8%. Part of the enthusiasm around stocks has to do a strong earnings season that revived investor confidence in the artificial intelligence narrative. …