Bob Doll, ex-CIO of BlackRock and current chief equity strategist at Nuveen Asset Management, was on Bloomberg to discuss his views on upcoming debt ceiling talks, U.S. fiscal situation, his outlook for the U.S. economy and his investment strategy going into 2013.
-- Story for 2013 is more of the same as it was in 2012 - muddle-through economy, good strength in corporate earnings but not great, and bit less concern that world will fall apart.
-- Europe on the mend, so will get less negative headlines about Europe in 2013.
-- Problems in U.S. such as debt ceiling, etc., will weigh for the time being but at the end of the day politicians will be able resolve and reach consensus on most of the issues.
-- Doll sees $2 trillion to $3 trillion 10-year budget deal in 2013: Corporate earnings have done much better than the GDP.
-- U.S. is okay but not great.
-- Industrials will continue to do better.
Credit and source: Bloomberg, www.bloomberg.com
Here is the video:
-- Story for 2013 is more of the same as it was in 2012 - muddle-through economy, good strength in corporate earnings but not great, and bit less concern that world will fall apart.
-- Europe on the mend, so will get less negative headlines about Europe in 2013.
-- Problems in U.S. such as debt ceiling, etc., will weigh for the time being but at the end of the day politicians will be able resolve and reach consensus on most of the issues.
-- Doll sees $2 trillion to $3 trillion 10-year budget deal in 2013: Corporate earnings have done much better than the GDP.
-- U.S. is okay but not great.
-- Industrials will continue to do better.
Credit and source: Bloomberg, www.bloomberg.com
Here is the video:
