Chief Equity Strategist at Nuveen, Bob Doll, gives an update to his 10 predictions for 2013.
"As we reach the halfway point in the year, we want to track our progress against the predictions made in January. Equities had a strong six-month period, although a correction occurred in May and June, primarily due to a very difficult bond market. Perhaps the “great rotation” started late in the second quarter as investors moved from bonds and bond-like equities, with measured progress for cyclical and growth equities. Anxiety remains over the Fed ending its quantitative easing experiment, and there are also financial issues in China that are cause for concern."