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How Will Oil Play Out In the Market? This Expert Weighs In

Oil is dominating headlines. Stocks were falling Monday, endangering the Dow Jones Industrial Average's eight-day winning streak, after oil prices surged the most in more than two decades following an attack on two key Saudi Arabian oil facilities. TheStreet's Katherine Ross sits down with Art Hogan, National Securities' Chief Market Strategist, to break it all down and more. Here's an excerpt fro the video: "It's interesting. So we've had a market that's gotten a bit stretched. I certainly think that when we look at what's happened for the entire month of September where we're reversing that choppy actually is on August. And I think all of that's around the better tone on trade with China. So I think that, you know, for a market that has gone up as much as it has in a short period of time, we've probably have to take a pause here. Whether the causes of spike in oil prices or anything. I think tactically we've just gotten a little overbought so I wouldn't be surprised to see a bit of a pullback this week," Hogan said. For more, watch the video above. Premium Pick: Jim Cramer: Here Are the Real Winners and Losers From the Saudi Oil Attacks Action Alerts PLUS peek: Jim Cramer: Buy Burlington Stores Stock When the U.S.-China Trade War Gets Ugly Trading Strategies: A Lookahead to the Fed, Stocks to Watch and CVS Subscribe to our Youtube Channel for more videos : Listen our latest Podcasts on Soundcloud Catch Up: Today's Top News Videos Below
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