Bob Doll: No Big Shift In Washington, Bright Skies Overseas
Bob Doll at Nuveen is famous for his annual predictions. This year he sees good things for the economy, but maybe not for stocks. Here's the list.
Bob Doll at Nuveen is famous for his annual predictions. This year he sees good things for the economy, but maybe not for stocks. Here's the list.
BofA cited the froth in cryptocurrency prices as yet another example of “increasingly speculative” investing behavior. No crash yet but unsustainable.
Never mind Washington. Wall Street is struggling with the need to make a peaceful transition from the COVID economy, the bond king proclaims.
“We see a V-shaped recovery, but history tells us that every recession brings some economic scarring," the otherwise bullish outlook cautions.
Income-seeking investors need to accept a little more risk if they want more yield. That means considering dividend-paying stocks or going overseas.
Underlying a double-digit forecast for returns in 2021 is the investment bank’s bullish projection on the U.S. economy once the virus is defeated.
“The best is yet to come,” BofA analyst Erika Najarian wrote, as 2021 is likely to be a strong year for banks due to optimism about fiscal stimulus.