Bob Doll thinks a mild recession will hit the US economy sometime in the near-to-mid future.
Outside of the stock market, Doll also thinks bonds are relatively attractive compared to last year.
Within the bond market, he likes Treasurys most, with 10-year yields offering more than a 4% coupon.
A 1.5% 10-year Treasury is a bad deal, and of course bonds have sold off hard," he said.
Treasury bonds can be bought via a brokerage or through TreasuryDirect.
Persons:
Bob Doll, Bob Doll isn't, Doll, Phillips, refiners
Organizations:
Conference, BlackRock, Valero, Aaa, Treasury
Locations:
HMOs, TreasuryDirect