Nuveen Asset Management’s Chief Equity Strategist, Bob Doll, takes a look at the European and U.S. Political Decisions that lie ahead. "Last week U.S. equities continued to rise and the S&P 500 increased approximately 2% as fundamentals moved in a positive direction. The U.S. household deleveraging seems to have advanced to a stage that will allow the pace of growth to accelerate later this year. The Fed is unlikely to tighten policy prematurely. The European Central Bank (ECB) is willing to be the lender of last resort, which has dramatically diminished the risk of contagion throughout Europe. China appears to have passed the worst of the growth slowdown phase."
