Oil trying to tell something?

Oil vs SPX gap continues widening.
Oil has lost all mojo and trades poorly. We have pointed out several factors why the oil rally up until the "attack" last month has basically been a play on the vaccine rainbow illusion (see here, here and here).
Oil as the rotation trade has obviously gone to hell recently. The question is will oil inspire SPX for a pause, or will people chase SPX instead of oil?
When it comes to oil inventory deficit we ask ourselves; what deficit?