Oil, China and the Middle East were the cause of market fears for investors at the beginning of the year, but these elements might now be the market's catalyst for growth.
Over the weekend, China said the chairman of the China Securities Regulatory Commission, Xiao Gang, had been ousted. His removal came after his policies faced backlash for allegedly sending the country's market into a volatility spiral.
In addition, market concerns eased on last week's talk of an output freeze from oil-producing countries and Baker Hughes reporting continuous declines in crude rig counts, and a report Monday in which the IEA forecasts U.S. shale production could decline a whopping 600,000 barrels per day in 2016.
This news encouraged U.S. stocks to trade higher Monday and oil to rally.
Brian Jacobsen, chief portfolio strategist at Wells Fargo Advantage Funds, suggests that commodities are finding a bottom and that the Federal Reserve won't be raising interest rates too fast this year, so investors should ease into emerging markets.
"Outside of America, I would put India up there as being one with the most opportunities … [and] emerging Europe," he said, adding that India's release of its budget at the end of February could be a catalyst for that country's stocks to reprice higher.