Zeg Choudhry

We're in uncharted territory in front of the Brexit vote, and then there's also the Fed this week. So the wall of worry is quite high at the moment. All the banks are a little bit lower, and they're to ones which are likely to get hit, for the next two weeks, you've got to be slightly mad if you've not got your money in defensive stocks.

We're in uncharted territory in front of the Brexit vote, and then there's also the Fed this week. So the wall of worry is quite high at the moment, all the banks are a little bit lower, and they're the ones which are likely to get hit. For the next two weeks, you've got to be slightly mad if you've not got your money in defensive stocks.

Stocks are being driven by oil, and given that the Iranian sanctions are due to be lifted, that's causing even more nervousness about this glut of oil that we have.

The extreme move in oil is going to keep things volatile ... (and) we probably won't get a real stabilisation until February now.

In a normal environment, when we see China data as good as what we had over the weekend, that would set the market alight, the pressure on crude is the noose around our neck at the moment.

Oil is the major drag at the moment. In a normal environment, when we see China data as good as what we had over the weekend, that would set the market alight, the pressure on crude is the noose around our neck at the moment.