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The market will continue its zigzag trajectory.
Robert Doll, vice chairman and chief equity strategist with BlackRock
BLK told CNBC, “After initial thrust off a recession low, you typically get a growth slowdown, and the debate that the market is facing right now is: Is this the typical growth slowdown or is the double-dip going to show up?” He expressed his optimism that despite the lower-than-expected economic data, he does not see a double dip approaching.
He also advised investors to focus on earnings reports. He added, “It’s going to be tough to have a beat we had in the first quarter, but if we can beat in the bottom and topline, I think we’ve got a shot at a trading rally for the summer."
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