Doll warns equity markets to move sideways

Bob Doll predicts this year's equity rally is set to stall and markets will start to move sideways th...

Bob Doll predicts this year's equity rally is set to stall and markets will start to move sideways this year. BlackRock's chairman and global chief investment officer puts the upturn down to low valuations and improving economic news. He adds he does not see a return to the falling markets coming up to March but warns the S&P 500 could drop around 850 basis points in the near term and claims equities will outperform cash and bonds over the coming year. Doll says: "We believe it is important to remember that less bad economic news is not the same as actual good news. "As such, we bel...