Five Reasons to Be Bearish on Oil Stocks

We are now leaning more bearish on oil equities, mainly due to worsening macro factors. We've also turned bullish on the U.S. Dollar (USD) as the Fed's second round of quantitative easing is ending and there's little upside to the euro as the EU continues to socialize the periphery's fiscal imbalances at every step. Of course, a strong USD is trouble for energy equities, at least in the immediate-term.