In this interview at the Nuveen Retirement Outcome Leadership Council in Chicago, John Sullivan discusses market trends and predictions with Bob Doll, Nuveen’s Chief Equity Strategist. Doll highlights the market’s complex environment, citing factors like the Iran deal, oil prices, and trade issues that contribute to market volatility. He notes that while recent volatility seems high, it is actually closer to normal levels, contrasting with the unusually low volatility of previous years.
Doll maintains his market predictions for the year, expecting fluctuations but no end to the bull market. He predicts a divided U.S. Congress after the midterms, with Democrats taking the House and Republicans holding the Senate, dismissing the likelihood of a “blue wave.” For 401(k) advisors, he emphasizes a long-term investment focus and notes that regulatory issues, such as fiduciary standards, seem to be less prominent than before.