After a rocky start to the new year, the markets are back to rally mode. Joe Heider is the president of Cirrus Wealth Management and says his outlook ‘continues to look positive for the market throughout 2015, although we will see volatility until oil is sorted out.’ Heider thinks although ‘oil issues will cause pain in some sectors, there is a net positive to the economy.’ Aside from the usual suspects that are benefiting from falling oil prices like retail and airlines, Heider suggests keeping an eye out for buying opportunities in the energy sector, ‘I don’t think oil will long-term remain in the $50 range, so investors should look toward opportunities there.’ Heider does have a warning for 2015, ‘we are seeing volatility in the high-yield bond market and would recommend avoiding this sector.’
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