Low oil prices and China fears have scared Wall Street into a rough start this new year, but don't be so bearish, Pimco's Scott Mather said Thursday.
"Be very careful in terms of mapping this equity market volatility onto the real economy. The real economy is probably a lot more resilient than many realize," he said in an interview with CNBC's "Closing Bell."
Attributing much of the decline in oil prices to increase in supply, Pimco's chief investment officer for U.S. core strategies thinks that the market is looking at the glut as if it is demand related.
"As long as demand stays continuously growing as we expect this year, and we see supply continuing to diminish ... then you'll start to see energy prices going back up," he said.