I’m certainly not always right, but this is one I mentioned I saw coming on Monday in our ‘Market Call’ blog. So now that it’s here, nobody should be saying they weren’t warned. What I’m talking about, of course, is the rebound in oil prices, and the reversal of the U.S. dollar. Frankly, I’m surprised stocks aren’t struggling more than they are.

All the same, the charts are what they are. Take a look below. In both cases I expect the reversal to persist for a while. That’s just the nature of oil and currency - they tend to not be as erratic the stock market.

More importantly, the sinking dollar and rising oil is going to be a burden on a stock market that’s got more than enough problems to deal with already.

Are you a subscriber to the Small Cap Network newsletter? If not, you’re missing out on some great trading ideas and exclusive market commentary. To sign up, just go to the top right corner of any page of our website. You’ll be joining thousands of other subscribers who have already benefited from our news and views.