Doll sees equity rally running out of steam

BlackRock chairman predicts stall as markets move sideways

Bob Doll is predicting the equity rally is set to stall and markets will now start to move sideways. BlackRock's chairman and 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. In addition, he believes equities will outperform cash and bonds over the coming year. Doll says: "We believe it is important to remember less bad economic news is not the same as actual good news. "As such, we believe t...