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Need to Know: $35 oil lies ahead — and it could block stocks’ run higher

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On your marks…

There is a distinct aroma of risk aversion in the air this morning.

Oil is doing its best to keep its head above $40 a barrel, but no one is resting easy after that visit to bear country on Monday. Equities are faring even worse, from Europe to stock futures.

Plus, there’s a pile-in going on at the yen after the Japanese government cracked the lid on a huge fiscal stimulus plan, though only a quarter of it will be actual new, direct spending.

It’s August, and that has often boded ill for this market.

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