The Senior Strategist: The oil price is a falling knife
Last week was the worst for equities in years. The big tricker is the continuing fall in oil prices, says Jyske Banks Senior Strategist Ib Fredslund Madsen.
He does not see an immediate bottom in the price, which remains a falling knife, no one really dares to catch. As long as the oil-producing countries keep the pumps going and the supply high, it is hard to see a stabilization in the price, says Fredslund Madsen.
The big focus this week is the FED-meeting wednesday, where markets will be looking for Janet Yellens signals on the interest rate.