Jeff Carbone

The market's best friend continues to be the Chicago Fed and central banks around the world, investor appetite for risk has increased.

We still haven't broken the correlation between oil and equities and we are yet to find a bottom in oil prices.

I think we can use a great Star Wars analogy and say that' the force' will awaken and The Fed will raise that quarter percent today, now we've got to look at how Fed Chair Janet Yellen raises rates. Is it going to be too fast, or too slow or just right ?

A lot of investors are looking for markets to calm down and are rebalancing their portfolios before going into the weekend.

We don't think the Fed will raise rates this year. While the data has been improving, it doesn't show an over-heated economy, inflation remains low and we need to see the effect of low energy prices.