Bob Doll says markets are bottoming

BlackRock's Bob Doll has said non-US growth is contracting and high levels of volatility will remain ...

BlackRock’s Bob Doll has said non-US growth is contracting and high levels of volatility will remain on markets. But headline inflation should improve noticeably thanks to the declining oil price and the market is in a gradual bottoming process. The group’s global equities CIO has issued a relatively bullish commentary stating the environment should be improving and US stocks will outperform. “Despite all the negative news, we would first point out that the US economy has not gotten worse,” he said. “While it hasn't been strong, it has continued to grow at a slow rate and signs are p...