warns<\/a> that stock market bears will likely come out in full force toward the end of the year.<\/p>\n\u201cOur take is that we do expect that decline to happen when markets don\u2019t respond to good news. So I think we\u2019re in a period where we had a bear market already in software, the Mag 7, and in crypto. <\/em><\/p>\nI think that\u2019s already taken out a lot of speculation. So to me, I think our bet would be that markets are actually going to lift through the end of the month, that we\u2019re going to actually be positive for March, and maybe hit 7,300. Later in the year is when we think a bear market might show itself.\u201d<\/em><\/p>\nLooking at oil, Lee explains why price spikes are bullish for the stock market.<\/p>\n
\u201cOne, the US is an exporter of oil, so we net benefit as an economy from higher oil [prices]. The second is that other countries are importers. So the US not only looks better, but on a relative growth basis, it should outperform, which means flows back into the US, and the third is, as we worry about global growth for all the reasons you described, when growth is scarce, people buy growth stocks. The US stock market is a growth index, so it\u2019s coming out of the rest of the world back into the US. <\/em><\/p>\nSo I think it\u2019s a rotation story.\u201d<\/em><\/p>\nAt time of writing, the S&P 500 (SPX) is trading at 6,672, while oil (WTI) is worth $95.63 per barrel.<\/p>\n