Higher oil prices meant something different in the past 🛢️

The U.S. economy and stock market will have both winners and losers ⚖️

Oil prices have been trending higher. (Source: Yahoo Finance)

People don’t like the sound of higher oil prices.

This reaction is mostly rational. Higher energy prices means it costs more to fuel up your car and to keep the lights on at home. For many businesses, it means higher costs to manufacture goods and provide services.

But from a high level, the story for the stock market and the economy is a bit more nuanced.