Lower Oil Won't Save Stalling Stocks Says Hagin Fund Manager

2014年9月6日 上午3:56
The bulls will soon find it hard to take stocks higher despite having lower oil prices as a tailwind, said Patrick Morris, portfolio manager for the Hagin Keystone Market Neutral Fund. Morris said weakness in Europe will continue to weigh on oil prices, nevertheless, lower energy costs will not overly stimulate retail spending in the U.S. - and in turn the economy - to the extent many analysts say it will. In addition to serving as CEO of HAGIN Investment Management, Morris serves as the Chief Financial Officer of two natural resource companies, Monument Global Resources and PATE Environmental LLC.