The possibility of rising interest rates worries investors. For many companies there is a direct effect on their earnings and stocks can also become less attractive to bonds.
There are some big concerns about the U.S. economy and the stock market will struggle a bit. Interest rates do matter.
European banks have done so well for so long that the expectations are very high in a climate where targets are getting harder to meet.
The oil rise benefits energy stocks, shares are fairly valued and we expect decent earnings this year.
Interest rates matter and there are concerns about the economy. These things make the market more hesitant. Growth is evening out and markets are coming to grips with that.