Bob Doll Says Bull Market is Likely to Continue

Nuveen’s chief equity strategist Bob Doll says the global stock market should continue to rise despite risks, according to his recent Barron’s article. Doll argues that investor confidence has increased with respect to corporate earnings and the global economy and that, although volatility may rise, equities should outperform bonds and cash in the year ahead. Inflation, he says, remains “well contained in most major markets outside of the United Kingdom,” and that investors are banking on further rate increases in the face of continued growth and moderate inflation. While the recent string of natural disasters is likely to negatively impact […]

Bob Doll Says Economy Presents Risk to Stocks

More so than politics, the current economic landscape could pose problems for the stock market, writes Bob Doll in a recent Barron’s article. Nuveen Asset Management’s chief investment strategist contends that, while investors are focused on how political uncertainty could affect equities, “near-term economic disappointment is a bigger issue.” Nevertheless, Doll writes, Nuveen remains constructive toward equities and other risk assets over the medium- and long-term.” He shares the following insights: Consumer confidence is high. In March, the Consumer Confidence Index hit its highest level in 17 years, and Doll expects this to boost consumption going forward. Tax reform represents […]

Bob Doll Says a Market Correction is Possible

Bob Doll says that current market optimism may be “overdone and markets could be vulnerable to disappointment” in an article he wrote for Barron’s earlier this month.  Still, Nuveen’s chief investment strategist is maintaining a pro-growth stance and a “constructive view toward equities.” In the article, Doll outlines what his firm sees as five possible risk areas for stocks: U.S. Politics: Investors, writes Doll, may lose what has been steadfast patience and optimism if “specifics about issues such as tax policy and health care reform are not forthcoming.” European Politics: While the European risk profile has calmed a bit due […]

Bob Doll’s 10 Predictions for 2017

Nuveen Asset Management’s Bob Doll shared his ten predictions for the coming year in Business Wire: Predictions for 2017 U.S. and global economic growth improves modestly and dollar strengthens (and reaches parity with the Euro); Unemployment drops to its lowest level in 17 years, and wages increase at the fastest pace since the Great Recession; Treasury yields move higher (for a third consecutive year) for the first time in 26 years, and Fed raises rates twice; Stocks hit their 2017 highs in the first half of the year as earnings rise but price/earnings multiples fall; For the first time in […]

Bob Doll’s 2016 Recap and 2017 Outlook

As the markets diverge in the coming year, investment selectivity will become more important, writes Nuveen’s top strategist in a recent Barron’s article. He says that the post-election shift in financial markets led to his firm’s tweaking of predictions for 2017, and compares the original forecasts with actual trends: Correct: US real and nominal GDP remain below 3% and 5%, respectively, for an unprecedented 10th year in a row; US Treasury rates rise for a second year, but high-yield spreads fall; Standard & Poor’s 500 earnings make limited headway as consumer spending advances are partially offset by oil, the dollar and wage […]