Falling gasoline prices are linked to a continued bull market in stocks, Paul Hickey, co-founder of Bespoke Investment Group, said Wednesday.
"What we did is we looked at this current bull market in equities, and when we saw a 10-percent decline in gas prices over a three-month period looked at how the market did," he said. "You would think that this was priced in, the market would rally as gas prices decline. But what we've seen is that we've continued to rally going forward."
On CNBC's "Halftime Report," Hickey said that the uptick had continued strength.
(Read more: Ex-Fed official: 'I'm sorry for QE')