Bob Doll of Nuveen presents an optimistic picture of 2016, according to MarketWatch. Doll says, “My view is oil is going to stabilize at a low level, and we will see some of the consumer dividend get spent next year.” He continued: “So, the consumer’s going to be a bit better, oil’s going to be less of a headwind, so we’re going to be OK.” At the same time, Doll predicts that 2016 will be volatile. Yet, he maintains that corporate earnings, which could be challenged by a strong dollar, will likely be a key to the market’s overall success in 2016.
Tagged: 2016 Predictions, Bob Doll
from Validea's Guru Investor Blog http://ift.tt/1R7BeKG
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