×

Markets Likely to Be Higher in August: BlackRock's Doll

July marked the best month for the Dow and the S&P 500 in a year. But will that momentum continue through the rest of the summer? Robert Doll, vice chairman and chief equity strategist at BlackRock, discussed his market outlooks.

“[August] is more likely to be up than down,” Doll told CNBC.

“People have been pleasantly surprised by how good earnings have come through, despite the weak-ish economy."

"So we have a U-shaped lazy economic recovery, but more of a V-shaped profits recovery.”

Doll added that valuations are “really cheap.”

And going forward, he expects to see more jobs created—“not enough to bring the unemployment numbers down”—but enough to create more income.

Scorecard—What He Said:

  • Doll's Previous Appearance on CNBC (July 19, 2010)

______________________________
Market Views—Across the Board:

______________________________
CNBC Data Pages:

______________________________
CNBC Slideshows:

______________________________

______________________________
Major Earnings Coming Up:

Pfizer

Procter & Gamble

Dow Chemical

MasterCard

DR Horton

______________________________
Disclosures:

No immediate information was available for Doll or his firm.

______________________________

Disclaimer