Bob Doll, chief investment officer for global equities as Blackrock, tells Bloomberg that he’s recently cut back a bit on some healthcare stocks and added to cyclical areas like energy. Doll also says that the economic recovery will be atypical, with slower growth and periods of doubt, but he thinks we still haven’t seen the market’s cyclical high yet.

[youtube=http://www.youtube.com/watch?v=MvrHyXU2Z_o]