S&P 500 has nearly erased year-to-date loss
Here were the reasons stocks sold off to start the year:
1) Worry about commodities, commodity exporters and commodity companies
Oil and other resources were absolutely punished to start the year. WTI crude fell to $26 from $37. Now, crude is higher on the year. Gold and copper are also up so far in 2016. Oversupply is still a major problem but for now, resource prices aren’t pointing to the kinds of massive waves of defaults that could roil the financial sector.
