BlackRock's Doll anticipates short-term rally in US

Interest rate cuts and narrowing of credit spreads would cause BlackRock's US manager Bob Doll to loo...

Interest rate cuts and narrowing of credit spreads would cause BlackRock’s US manager Bob Doll to look for a bottom in the equity markets. The veteran fund manager said over the short-term there are signals of a rally in the US market and whether this is durable over a longer-term depends on the easing of monetary policy and narrowing credit spreads. “Risk tolerance has moved to extremely low levels and we have seen a large degree of high-volume selling. Over the short term, these tend to be signals that the market is due for a rally. Volatility measures also point to the possibility of ...