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Need to Know: Why stocks look primed for a meltdown within months

Pop goes the rebound. While you were sleeping, that overnight bounce all but vanished and left us almost exactly where we were this time on Monday.

That is, with stock futures deep in the red. Not helping out has been a big push south for oil prices after the IEA joined OPEC in flipping its picture of dwindling oil supply. And well, where oil goes, stocks often follow.

Those impatiently looking for real capitulation on oil, though, may have to hold off until the end of the month. That’s when OPEC and Russia may fail to agree on a supply freeze, IG’s Chris Beauchamp tells clients in a note.

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