Last quote by Terry Sandven
Terry Sandven quotes
Equities are in a 'go-nowhere-fast' mode, with a downward bias in the near term. We need oil to stabilize to provide some confidence for investors, partly because to a degree, investors' stress is high, earnings visibility is low, and market internals continue to weaken.
There is a wall of worry under full construction brought on by China, fall in oil prices and uncertainty regarding quarterly earnings. There is concern regarding China's ability to manage its economy and while the Fed removed one uncertainty when it raised rates last year, it introduced another with regard to the pace of hikes.