I normal ignore him, but this time he’s making sense.
He cites that Euro is probably bottomed. Then oil will follow.
Most investors thinks the opposite, because they think oil will stay weak and Euro will follow. But historical evidence would suggest that the reserve second largest currency movement leads oil, not vice versa.
Optimists would hope the Euro would now rise modestly in 2016, reflecting a better global growth, and China stablization. Leaving behind these last two miserable years, when Greek banking crisis in EU reignited, and china went into another recession, commodity prices crashed.