Not only has the market returned handsomely, but risk has also taken a breather. Leo Grohowski More Quotes by Leo Grohowski More Quotes From Leo Grohowski We've come a long way back from the depths of despair six or seven weeks ago, we think between now and the end of the year, the market grinds higher, but it's not going to be without an uptick in volatility. Leo Grohowski business Even in a gently rising rate environment, we can't expect much in the way of (price-to-earnings) market expansion. Leo Grohowski business A week ago, it seemed very likely that we were close to having a resolution, and now all of a sudden we’re waking up to capital controls ? i'm not confident that today reflects all the bad news that could happen. Investors are really bumping up the odds that Greece will exit the euro. Leo Grohowski most-read-articles We think it will be able to deal with it, but we also need to think about a stronger dollar and what that means for positioning. We also have to pay attention to oil prices. We think we'll bottom out soon, but if not the energy sector could struggle. Leo Grohowski energy