The Market Is Currently Favorable for Stocks, Says Wells Fargo Strategist

This will be a busy week, full of corporate earnings and economic data. Alcoa (AA) 'unofficially' kicks off the earnings season after Monday's close. But despite opening higher, stocks were slipping once again on falling oil prices. On the economic calendar, retail sales for December and the Fed's Beige Book both release on Wednesday. Thursday, of course the weekly jobless claims come out and on Friday, the CPI and Consumer Sentiment releases. Brian Rehling is the co-head of Global Fixed Income Strategy at the Wells Fargo Investment Institute (WFC) and thinks falling oil prices will play into both earning and economic data. Rehling also thinks the market is currently favorable for U.S. equities with low interest rates and low inflation.