BlackRock's Doll picks US to outperform

Last week saw a sharp rally in US stocks; with disappointing news, such as weak retail sales, big losses by financial institutions and ongoing problems in the labour market, offset by a drop in oil prices and an increase in the value of the US dollar. The Federal Reserve also met last week and, as was widely expected, elected to leave interest rates unchanged. In the Fed's accompanying statement, its tone shifted on inflation from an expression of worry to a less hawkish statement of concern. Doll commented: "In our opinion, inflationary pressures are likely to recede. Although food a...