Jobs, Oil Behind Rising Consumer Confidence: Purves

The transcript discusses the current economic situation, highlighting job growth and oil surplus as positive factors. It examines the Federal Reserve's focus on deflationary dynamics and how these influence their decisions on interest rates. The impact of oil price volatility on market sentiment is analyzed, with predictions on future market movements. The discussion concludes with insights into consumer confidence and its effect on equity markets.

Discuss the relationship between risk appetite and market fundamentals as described.

What does the speaker suggest about the future of oil prices?