Fear not, Americans. The United States will be fine despite the turmoil the United Kingdom's vote to leave the European Union has caused, Bob Doll of Nuveen Asset Management said Tuesday.
"There's no question market sentiment is cautious to negative, and there's a ton of cash out there," the firm's chief equity strategist told CNBC's "Squawk Alley." "But what I like to do is observe the fact that the U.S. economy is 87 percent domestic, only 13 percent foreign trade. I think [the U.S. consumer], as shown by the consumer confidence earlier this morning, is feeling relatively OK. They are concerned about this thing across the pond, but a lot of U.S.-based companies that get most of their earnings here will be just fine."
Financial markets around the world were sent into a frenzy last week on the U.K.'s decision to leave the economic and political bloc, shocking most pollsters and bookmakers.