Oil is still trying to find a near-term equilibrium, and right now there's too much oversupply to turn prices around, there's more risk to the downside than the upside. Jeremy Zirin More Quotes by Jeremy Zirin More Quotes From Jeremy Zirin Risk appetite has declined because of the Brexit vote, sectors that are performing well today are only those that have reacted positively to the dollar. Jeremy Zirin company-news Given the higher level of volatility and frankly a little bit of disappointment in some of the economic data and corporate profit data this morning, it could just be more of a knee jerk reaction after we’ve had a very sharp rally. Jeremy Zirin company-news Certainly there is going to be some linkage but the reason that oil has fallen isn’t because of the strength of the dollar it is largely because of the huge influx of supply and production growth across the world, particularly in North America. Jeremy Zirin company-news The reason the Fed would raise rates is because growth dynamics are picking up, which would ultimately be a tailwind for markets, though markets will likely challenge that view with volatility, we remain constructive that equities will grind higher over the course of 2015, but there will be some volatility based on any changes to the view of when the Fed will announce its first rate hike. Jeremy Zirin company-news
