--- title: Is the Baton Being Passed from Liquidity to Growth? - Nuveen Asset Management description: Nuveen Asset Management's Chief Equity Strategist, Bob Doll, takes a look at the European and U.S. Political Decisions that lie ahead. --- [![Assembly Wealth](https://www.letsassemble.com/hs-fs/hubfs/Assembly/logos/Assembly-Wealth-Logo-Orange-500px.png?width=300&height=70&name=Assembly-Wealth-Logo-Orange-500px.png "Assembly Wealth")](https://www.letsassemble.com/) The Money Manager People TM [800-541-7774](tel:+18005417774) [![RESEARCH MONEY MANAGERS](https://no-cache.hubspot.com/cta/default/10700/7ecbcb66-3fbb-41e3-b219-c24fb3c769c5.png)](https://cta-redirect.hubspot.com/cta/redirect/10700/7ecbcb66-3fbb-41e3-b219-c24fb3c769c5) [![Client Center](https://no-cache.hubspot.com/cta/default/10700/8691dcb4-caa3-42c2-a810-77b59f461fd2.png)](https://cta-redirect.hubspot.com/cta/redirect/10700/8691dcb4-caa3-42c2-a810-77b59f461fd2) [Home](https://www.letsassemble.com/) WrapManager's Wealth Management Blog When life changes, we can help you thoughtfully respond. [< Back to read another post](https://www.letsassemble.com/wealth-management-blog) # Is the Baton Being Passed from Liquidity to Growth? - Nuveen Asset Management Posted by [ Seton McAndrews | CFP®, Vice President Investments](https://www.letsassemble.com/wealth-management-blog/author/seton-mcandrews) March 11, 2013 - [Tweet](https://twitter.com/share) 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." 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