A TEMPORARY CORRECTION, from Bob Doll, vice chairman and chief equity strategist for fundamental equities, BlackRock
Economic data continues to suggest that the recovery should be sustainable. Business and consumer confidence levels have been increasing, and last week’s retail sales figures were better than expected. While unemployment remains high, the number of hours worked has been picking up, which should translate into an increase in incomes. All of this is not to say, however, that we are completely out of the woods.
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