Upward momentum increasing says BlackRock's CIO
BlackRock's Bob Doll claims early March saw world equity markets bottom out for the current cycle. The group's vice president and chief investment officer expects global stocks to continue rallying on the back of improving economic news, particularly from the US. He adds US bank results this year will create volatility and warns world economies are due a slowdown in recession, rather than a return to growth. Doll says: "Since stocks bottomed on 6 March, markets are up nearly 30% and our conviction is growing that this last bottom represents the low for the present cycle. "Market bre...
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