Also downgraded US growth for 2017 and 2018
Unable to implement his policies due to legislation
Key is understanding the effect of macroeconomics on the market
Two key issues dominate the economic and investment landscape: concern that monetary policy may be at the end of the line and prospects for the US after November's presidential election, writes Daniel Murray, chief economist at EFG Asset Management.
Expect market volatility to pick up
Bob Doll, chief equity strategist at Nuveen Asset Management, has made ten predictions for 2013, warning the political process in Washington D.C. surrounding the fiscal cliff is the most immediate risk.