Bob Doll thinks stocks will be just fine

Bob Doll, Nuveen Asset Management
Adam Jeffery | CNBC
Bob Doll, Nuveen Asset Management

Amid a dizzying start filled with volatility and worries of what lies ahead, Bob Doll looks at financial markets and sees a year filled with not much of anything particularly exciting.

The chief equity strategist at Nuveen Asset Management released his list of 10 predictions for 2015, and it's a remarkably staid collection of spot-on Wall Street consensus calls for stocks to finish higher, underpinned by solid economic growth, low interest rates and renewed commitment of investor capital.

"We expect U.S. stocks will rise for a seventh consecutive year, and have a good chance of outperforming cash, bonds and commodities, while also outpacing inflation," he said in text accompanying his predictions. "We expect continued strength in equity markets due to an improving economy, solid earnings growth, an improving job market, rising consumer and business confidence, strong corporate financial health, the stimulus from low commodity prices and financing costs, a rising dollar, and the manufacturing renaissance."

As part of his call, he sees the Federal Reserve raising interest rates and oil falling further before rebounding and actually closing out the year in positive territory.

"The least believed bull market in decades" finally will attract inflow of investor cash, Doll added. That prediction comes after consecutive years of Wall Street expecting a "great rotation" of money from stocks into bonds, a move that has failed to materialize.

Read MoreWhy 2015 market looks too good to be true

A full list of Doll's 2015 predictions.

1. U.S. gross domestic product grows 3 percent for the first time since 2005.

2. Core inflation remains contained, but wage growth begins to increase.

3. The Fed raises interest rates, as short-term rates rise more than long-term rates.

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4. The European Central Bank institutes a large-scale quantitative easing program.

5. The U.S. contributes more to global GDP growth than China for the first time since 2006.

6. U.S. equities enjoy another good yet volatile year, as corporate earnings and the U.S. dollar rise.

Read MoreGet ready to enjoy a wild ride in the year ahead

7. The technology, health care and telecom sectors outperform utilities, energy and materials.

8. Oil prices fall further before ending the year higher than where they began.

9. U.S. equity mutual funds show their first significant inflows since 2004. (Doll is right about U.S.-focused equity mutual funds losing money, as they saw about $39.5 billion in net outflows through November. But that was offset by $119.1 billion in domestic equity inflows to exchange-traded funds, according to the Investment Company Institute.)

10. The Republican and Democratic presidential nominations remain wide open.