The decline of oil prices will weigh on the market in the short term. BP Plc's results yesterday and geopolitical tensions are contributing.
The stock is falling in line with telecoms in Europe and also because there was speculation of a profit warning from the company. I don't think the speculation is grounded.
Oil companies are doing well as oil prices are rising.
We're seeing a general slowdown in earnings growth. That makes me more cautious on the outlook for stocks this year.
