Can the S&P 500 move higher with higher oil prices?

Right now, I think the key themes driving the markets are rising interest rates and higher oil prices. High oil prices were cited as possible drivers for the previous recessions. The hypothesis would be the Fed will need to raise interest rates to slow down growth if oil prices continue to rally or if not then we could see spiking oil which would constrain growth or lead to recession. This is combined, already, with concern over rising rates suggesting heightened risk.

No advice to buy or sell.

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