Author: VanEck

Disclosure: I am in full compliance with all ethics and other policies for Market Realist research analysts. I am not invested in securities that I cover on Market Realist.

Research conducted here at VanEck has identified that oil price and the S&P 500 Index can be used to explain most of the performance of oil services stocks historically.

It appears that the confidence and complacency that has dominated the U.S. stock market for several years is now beginning to dissipate