Despite improving fundamentals in the U.S., the rally in equities may slow, but the improving European market presents a good place to find short-term value, two top market strategists told CNBC on Tuesday.
Bob Doll, chief equity strategist at Nuveen Asset Management, told “Squawk Box” that he would “certainly” have his money in equities right now and “I think for the near-term, Europe, given the news, ‘less bad’ is probably going to be more of a rally than the U.S.”
He predicted that U.S. markets in the country are likely to move sideways in the near future but another catalyst will be needed down the road to move U.S. markets higher.
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