The outlook continues to look good, especially growth in emerging markets.

A spike in oil weighs on equities, and higher-risk stocks such as technology are the ones to get hit first.

Stocks are only getting cheaper and cheaper, and the U.S. economy is strong as are corporate profits. I was bearish on U.S. equities earlier this year but have now turned positive.

I was bearish on U.S. equities earlier this year but have now turned positive. Stocks are only getting cheaper and cheaper, and the U.S. economy is strong, as are corporate profits.

Many banks struggle to deal with customers. Customers often end up feeling trapped in a technology maze, where they have to press this button or that button on their phones, and can't find their way out.

Taken together, it means the central dogma since the 1950s has to be rethought.