T. Rowe: Fed Exit Will Make 2015 Bumpy, Investors Should Buy Dips

The Federal Reserve will be less accommodating in the coming year but the volatility will be manageable and could provide buying opportunities, said William Stromberg, Head of Equity for T. Rowe Price. Stromberg added that economic conditions are not right for a bear market, which is why investors should buy the dips. He said the dollar's strength has been telegraphed and that has given U.S. multinationals time to prepare and hedge their currency risk. As a result, the stronger dollar will not weigh too much on U.S. corporate earnings. Finally, Stromberg said emerging market countries that rely too much on commodity exports will struggle for the foreseeable future.