Corporate earnings for 2015 will be positive despite the bearish sentiment surrounding them, Mike Ryan, chief investment strategist at UBS Wealth Management, said Wednesday.
"I think what you're going to see [in first-quarter earnings] is transitory factors. A lot of it is related to the decline in energy prices [and] strength in the dollar. Those tend to be factors investors look through as they look at the corporate earnings." Ryan told CNBC's "Squawk on the Street."
U.S. oil prices have dropped nearly 43 percent in the last year amid increasing volatility. West Texas Intermediate crude was down more than 5 percent at $50.94 a barrel midday Wednesday after ending the previous session up 3.5 percent.
The dollar, on the other hand, has gained about 10.5 percent against the euro as the European Central Bank furthers its 1.1 trillion euro ($1.2 trillion) quantitative easing campaign. The greenback was down slightly against the common currency in midday trading.
"We're looking for the full year for earnings to be up about 4 percent. The market is going to increasingly price in what we see in 2016, and our [earnings forecast] for next year is up about 11 percent. When we look at this, it is mostly related to headline issues," Ryan added. "We don't think the underlying momentum of earnings has been disrupted."