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This chart shows a move for the S&P 500 that has occurred only 16 times in the past 70 years -- here's what it could mean for stocks

00:01 - 24/05/19

The emerging world's three biggest stocks are now down $170 billion

The strength of the correlation between SPX and OIL is impressive and the 2 continue to trade together on the daily

This chart's message: Stocks need to carve out a fresh record soon — or else.