Robert Doll – Chief Equity Strategist – Nuveen Asset Management
Economic Growth Should Improve Modestly
Mixed US economic data offers arguments for bull and bears, but Doll thinks that the positives will outweigh the negatives. Job growth has continued to improve, corporate earnings are solid, and Q2 GDP should rebound. Looking ahead, Doll sees opportunities in Europe as the spread between US and European equity performance narrows and deflation and recession risks fade.