If oil stays around $60, it shouldn't stop the S&P 500 from climbing, considering the strength of the economy. Companies have gotten better at controlling their costs when faced with high oil prices. |
It's an industry with strong growth. We thought that rising raw-material costs would reduce corporate investment in technology, but that didn't happen. Growth and investment are there. |
Now everything depends on economic data. I don't see the market declining. Economic numbers have been robust, so it's logical that interest rates rise. |
We are very bullish on the industry. |