Shift in stock trades incidates quieter recession fears, strategist Bob Doll says
in recent days sends mixed signals about the overall state of the market, strategist Bob Doll told CNBC on Tuesday.
But the condition of the broader economy should mean the rotation will persist, at least in the near term, Doll said on ""The market was pricing a recession starting tomorrow morning, in my view," said Doll, chief equity strategist at Nuveen Asset Management. "We don't have a great economy, but good enough that we can rotate a bit. I think there are more legs to this rotational trade, assuming there is no recession anytime soon. And that's my working premise.
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