Bob Doll of Nuveen Asset Management says they “expect equities will outperform bonds over the next six to 12 months, although the ride is likely to be bumpy” in a recent Investment News piece. He describes bearish arguments as “overly negative,” noting that under current conditions “it would hardly be surprising to see equities and other risk assets lagging, but they are not.” He offers a more positive view: “The risk of a global recession appear low, and we think the world economy is more likely to accelerate rather than slow next year.”