Jack explains three things driving the market right now: crude oil, the dollar, and earnings. Read on for details:
Crude: There’s a direct correlation with crude and what’s happening in equities and Jack says that has a lot to do with sovereign wealth funds. The crude market has been very geopolitical in nature so he urges viewers to pay attention to agreements coming out of OPEC nations (Saudi Arabia).
Dollar: The Dollar is a huge market – with over $5 trillion in forex. Jack says to pay attention to the ancillary effects of the dollar. A weak dollar could help with upcoming earnings.
Earnings: Starts next week in full force. The bar is currently set very low so we could get some pleasant upside surprises or we could have the worst earnings quarter since 2008.