Bob Doll, chief equity strategist at Nuveen, made his 2019 predictions with slightly less conviction, saying it was a tough year to forecast but that he was leaning towards a bullish view on stocks. He was mostly right, getting eight out of 10 predictions correct.
A year ago, Doll says, many investors were worried about a global recession, but those risks have since faded. Overall, he argues that there are fewer uncertainties as it relates to the markets this year than last year, and the economy is ‘OK.’ The probability that we’ll see a recession any time soon is close to zero; there are just no signs of it.
Here are his top 10 predictions for 2020—some controversial, some predictable.