There are some big concerns about the U.S. economy and the stock market will struggle a bit. Interest rates do matter.

Interest rates matter and there are concerns about the economy. These things make the market more hesitant. Growth is evening out and markets are coming to grips with that.

The possibility of rising interest rates worries investors. For many companies there is a direct effect on their earnings and stocks can also become less attractive to bonds.

The oil rise benefits energy stocks, shares are fairly valued and we expect decent earnings this year.

If you believe that higher interest rates will put a brake on the economy, the whole tech sector is highly susceptible because companies are going to be spending on tech-related items depending on where the economy is going.

Strong economic figures will confirm the Japanese economy is doing better, reinforcing expectations of an end to the zero- interest-rate policy as early as the fourth quarter. That's yen positive for sure.