PNC's Chief Investment Officer: Choppy Markets Until Crude Bottoms

Slipping oil prices, slowing growth overseas and the strengthening dollar are all still in focus as earnings reports roll in. Currency translation is being blamed for shaving profits off Ford (F) in some parts of the world like the Asia Pacific. Even so, the American automaker did manage to beat sales and earnings expectations. Jim Dunigan is the Chief Investment Officer at PNC Asset Management (PNC) and says the dollar played into earnings outcomes for other major companies including Dow Chemical (DOW) and Procter & Gamble (PG). The markets don't seem to believe the move in the dollar is done. Dunigan thinks the chances the euro could go to par with the dollar is likely in 2016. On the U.S markets, Dunigan says trading will 'likely stay choppy for the first quarter until crude establishes a floor and the economy continues to show signs on improvement.'