Bob Doll at BlackRock wonders whether compromise on the US fiscal cliff will be possible before the end of the year, and predicts that away from the politics, the US stock market should rise in 2013.
Bob Doll at BlackRock
BlackRock's Bob Doll casts his eye over how economies and stock markets have performed during August, and looks ahead to how policymakers remain vital in restoring confidence.
Bob Doll of BlackRock explains how political issues such as the US and French elections will continue to drive the market, and why he is overweight equities.
Continuing problems regarding Europe's sovereign debt issues, some mixed data on the US economy and rising concerns over the possibility of a renewed recession, helped push stock prices sharply lower again last week.
Thanks to a new agreement to at least temporarily resolve the Greek debt crisis, some intermittent progress on the debate over raising the US debt ceiling, and strong corporate earnings results, stocks posted solid gains last week.