Like any good equities bull snorting and ready to charge Nuveen's Bob Doll is again taking on investor anxiety.
] equity guru Bob Doll
gave his opinion on the latest macroeconomic themes of the day: Syria, the Fed tapering, the federal budget and the state of emerging markets in InvestmentNews'
On general economic growth: "Economic growth is gaining traction, yet remains modest. the speed at which bond yields backed up has been unsettling, but a dialing down of the Fed's accommodative policy equates to a vote of confidence for the economy. We still believe economic and monetary policy will support risk assets."
On the debt ceiling: "…We believe a resolution for government funding at current levels will pass into law before September 30. We expect it will be far more difficult to arrive at a deal to raise the debt ceiling."
On Syria: "Equity markets rallied last week with the hope of a diplomatic solution to the crisis between Syria and the United States…We believe the market has been on hold while waiting for lower oil prices, progress on Syria, further global growth and successful Fed tapering."
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