With oil up another $1.00 plus today, what industries stand to profit? The short answer is NONE. In fact, the oil spike is likely to kill the "recovery." Basically, everything will cost more due to the increase cost of transportation.
If there are any short term winners, financials temporarily benefit due to increase in bond prices. But, on the banking side, real estate assets likely to continue to decline...ultimately, weaker balance sheets.
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