Although the United States is in a “soft patch” caused by bad weather and higher energy costs, BlackRock Chief Equity Strategist Bob Doll sees a number of “tailwinds” including an “impressive” increase in jobs in April that give investors a lot to be positive about.
“Over the last three months, the average increase in jobs has been 253,000, which would translate into an annual increase of three million new jobs, the best rate in over five years. Looking ahead, we expect the labor market improvements will continue,” he wrote in Monday’s weekly report.
Register or login for access to this item and much more
All Financial Planning content is archived after seven days.
Community members receive:
- All recent and archived articles
- Conference offers and updates
- A full menu of enewsletter options
- Web seminars, white papers, ebooks
Already have an account? Log In
Don't have an account? Register for Free Unlimited Access