Two major impediments to economic growth in the U.S. are fading fast, according to Torsten Slok, chief international economist at Deutsche Bank, in a note published Wednesday.

U.S. exports should see a continued boost now that the dollar’s sharp appreciation is fading. And stable oil prices should help boost energy firms’ profits in the coming quarter, lifting overall earnings for the S&P 500.

All of this translates into good news for stocks. Shares tend to rise when earnings improve, and when economic fundamentals, like gross-domestic-product growth, are strong.

This seems to contradict the air of uneasiness permeating this market, as stocks remain near record highs reached in August even as the Federal Reserve appears ready to raise interest rates again. Many market strategists and fund managers, including NorthmanTrader’s Sven Henrich, feel a correction for stocks is imminent.

Read:Wall Street’s ‘fear gauge’ shows it’s about to get wild in the stock market

Indeed, shares edged higher on Wednesday following a sharp selloff a day ago. The S&P 500 index SPX, +1.05% was up 0.2% at 2,125 in recent trade. Meanwhile, the U.S. dollar is moving lower, with the ICE U.S. Dollar index DXY, -0.03% sliding 0.4% to 95.2920.

“The negative effects on the economy from lower oil and higher dollar continue to fade, and we should over the coming quarters see a boost to exports and corporate profits and ultimately GDP, see charts below,” Slok said in the note.

Slok illustrates his findings in the charts below:

The dollar’s recent weakness should help boost U.S. exports, which in turn should help drive economic growth.

Slok expects earnings per share to surpass consensus forecasts in the fourth quarter.

Deutsche Bank expects quarterly growth to improve over the coming year.

Slok is known for his optimistic view on the U.S. economy. In another note published Monday, Slok pointed to the continued growth in bank lending as a sign that the U.S. economy will continue to expand.

Bank lending in the U.S. continues to grow, which suggests business investment is growing as well.

Investors are nervous after the U.S. economy disappointed economists’ growth expectations in the second quarter. The pace of growth was just 1.1% last quarter. Economists had widely expected twice that rate.