I was bearish on U.S. equities earlier this year but have now turned positive. Stocks are only getting cheaper and cheaper, and the U.S. economy is strong, as are corporate profits.

Stocks are only getting cheaper and cheaper, and the U.S. economy is strong as are corporate profits. I was bearish on U.S. equities earlier this year but have now turned positive.

A spike in oil weighs on equities, and higher-risk stocks such as technology are the ones to get hit first.

The outlook continues to look good, especially growth in emerging markets.