“For stocks, it is hardly likely to be smooth sailing from here, but conditions have certainly improved since the wild market swings that we saw over the summer.” – Bob Doll, Chief Equity Strategist for Fundamental Equities, BlackRock, blackrock.com
“We have been suggesting over the past several weeks that economic growth in the United States appears to be accelerating, and last week’s economic data helped confirm this view. Specifically, US jobless claims fell sharply and we are optimistic that payroll growth should surprise to the upside over the coming months. Additionally, consumer spending remains solid and the corporate sector has been seeing strong profit growth, a trend we expect will continue.
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