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Traders work on the floor of the New York Stock Exchange December 6, 2013.
Traders work on the floor of the New York Stock Exchange December 6, 2013.
(BRENDAN MCDERMID/REUTERS)

ROB INSIGHT

BlackRock strategist warns of a correction ahead

Investor worries about worsening U.S. political deadlock and more nasty budget battles haven’t gone away. But they will cede more of the spotlight in 2014 to growing uncertainty on the regulatory front, including the impact of Obamacare and a long list of new rules for the U.S. financial sector.

“To the extent this lingers, one of the risks is that you undermine consumer confidence,” said Russ Koesterich, global chief investment strategist with BlackRock Inc., in an interview after the money-management giant released its investment outlook for the coming year.