Oil is back to grabbing Wall Street’s attention as headlines from Greece, economic reports and earnings results compete to take the driver’s seat to determine the market’s direction. Investors are skittish to say the least with Wall Street’s big stock swings. Jimmy Lee is the CEO of The Wealth Consulting Group, the firm has approximately $400 million in assets under management. Lee says he would not be surprised if a correction of at least 10% occurred and warned his clients to ‘make sure they buckle their seat belts and get prepared for potential downside volatility.’ The firm is currently avoiding energy stocks but overweight in healthcare and consumer discretionary sectors.
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