Episodi
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Bob Doll reviews a mixed week for stocks with narrow breadth, tech volatility, and standout gains in technology, energy, and communications while materials and healthcare lagged. He highlights growing cracks in high‑valuation tech names amid a persistent liquidity backdrop and firming corporate profits.
The note warns that sticky inflation and higher bond yields could reduce investors' freedom, with widening CCC credit spreads an early caution signal. While central banks remain relatively patient, policy rates may need to rise and a gradual market rotation into lagging sectors is possible if high‑fliers cool.
For a copy of this week's Doll's Deliberations click on the following link July 13 or go to www.crossmarkglobal.com for additional insight and invesstment solutions.
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Bob Doll reviews a surprisingly strong Q2: equities rallied despite geopolitical shocks and $100 oil, driven by AI-led earnings, a semiconductor boom, and easing Middle East tensions that lowered oil and bond-market pressures.
He outlines a cautious outlook for H2 — sticky inflation, potential Fed hikes, geopolitical fragmentation, and continued AI-driven CapEx as key market drivers — and concludes that while growth remains supported, rising inflation risk narrows the path for further gains.
For a copy of this week's Doll's Deliberations click on the following link Doll’s Deliberations - Crossmark Global Investments or go to www.crossmarkglobal.com for additional insight and investment solutions.
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Episodi mancanti?
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Stocks rose as a U.S.–Iran agreement reopened the Strait of Hormuz, sending energy prices lower and lifting risk assets with the Dow and Russell hitting records and the S&P up for its 11th week out of 12.
While the ceasefire extension supports continued economic expansion and corporate profits, lasting peace is uncertain and setbacks remain possible.
The Fed’s hawkish shift and higher odds of rate hikes this year have increased caution for investors, suggesting that building on first-half gains may be more difficult.
For a copy of this week's Doll's Deliberation click on the following link Doll’s Deliberations - Crossmark Global Investments or go to www.crossmarkglobal.com for additional insight and investment solutions.
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Markets rose last week with the S&P up about 0.66%, led by materials, staples and financials while tech lagged. A wave of large U.S. tech IPOs, including SpaceX's debut, raises concerns about oversupply amid frothy valuations and volatile sentiment.
May CPI showed sticky inflation, and Fed pricing now implies more hikes ahead, but corporate earnings growth looks resilient. The main risks are a short-term tech-led correction, energy supply uncertainty (Strait of Hormuz) and potential credit contagion; however, policy support and strong profits should limit lasting damage.
For a copy of this week's Doll's Deliberations click on the following link Doll’s Deliberations - Crossmark Global Investments or go to www.crossmarkglobal.com for additional insight and investment solutions.
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Bob Doll reviews a sharp weekly pullback in the S&P 500, sector winners and losers, and the key drivers behind market optimism — strong AI-driven earnings, oil and shipping risks tied to the Strait of Hormuz, and persistently sticky inflation.
He warns that investor exuberance may be overdone as liquidity could tighten, pushing bond yields higher and pressuring equity valuations; the recommendation is a balanced but pro-growth tilt to stocks over bonds while monitoring rising yield and inflation risks.
For a copy of this week's Doll's Deliberations, click on the following link Doll’s Deliberations - Crossmark Global Investments or go to www.crossmarkglobal.com for additional insight and investment solutions.
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Stocks closed at record highs for the ninth straight week as technology and consumer discretionary led gains, while oil and bond yields eased on hopes for an Iran deal to reopen the Strait of Hormuz.
Despite strong earnings growth and supportive policy, rising inflation tied to higher energy costs and dwindling oil inventories pose a risk that a brief risk-off episode may be needed to spur agreement; the outlook remains biased toward a higher stock-to-bond ratio over the next 6–12 months.
For a copy of this week's Doll's Deliberations click on the following link Doll’s Deliberations - Crossmark Global Investments or go to www.crossmarkglobal.com for additional insight in investment solutions.
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Bob Doll reviews a week of rising stocks and sectors led by utilities, healthcare, and real estate, while rising bond yields and the Iran conflict create fresh market risks.
The episode examines whether high bond yields can coexist with high stock prices, highlights the impact of energy shocks and AI-driven earnings, and concludes that solid corporate profits and accommodative policy support markets — but a prolonged Strait of Hormuz disruption or further yield increases could trigger a correction.
For a copy of this week's Doll's Deliberations click on the following link May 26 or go to www.crossmarkglobal.com for additional insight and investment solutions.
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Markets showed narrow gains with the S&P 500 trading near all-time highs while other averages lagged. Energy led sector performance as oil prices rose on continued Strait of Hormuz disruption, but overall economic data and strong corporate earnings have so far supported risk assets.
Key risks include a prolonged closure of the strait that could drain global oil reserves and push inflation higher, prompting a rapid market re-pricing. Investors should monitor developments closely and be prepared to de-risk if the situation does not resolve soon.
For a copy of this week's Doll's Deliberations click on the following link May 18 or go to www.crossmarkglobal.com for additional insight and investment solutions.
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Bob Doll reviews the May 11, 2026 market update: a sixth straight week of all-time highs for the S&P 500, strong earnings—especially in tech and AI—and a 16% six-week gain.
He explains how oil price volatility and Middle East tensions, centered on the Strait of Hormuz, are creating cross-currents that could boost inflation and bond yields, while central banks and investors weigh the trade-off between pro-growth positioning and tactical risk reduction.
The episode concludes with Doll's outlook: the global expansion is likely to persist if the strait reopens, but investors should watch oil, inflation, and geopolitical developments closely.
For a copy of this week's Doll's Deliberations click on the following link May 11 or go to www.crossmarkglobal.com for additional insight and investment solutions.
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Bob Doll reviews last week’s market rally—S&P and Nasdaq posted a fifth straight weekly gain and reached new highs—driven by strong earnings and resilient economic data despite Middle East tensions that have tightened oil and commodity supplies.
He offers a cautiously optimistic outlook: monetary and fiscal support favor equities over bonds, but elevated valuations, potential supply shocks, and geopolitical risks point to moderate returns with above‑average volatility in the months ahead.
For a copy of this week's Doll's Deliberations click on the following link May 4 or go to www.crossmarkglobal.com for additional insight and investment solutions.
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Bob Doll reviews a market rally driven by strong Q1 earnings and tech gains, with energy leading as Brent nears $100/barrel. Equity indexes hit record closes amid optimism that the Strait of Hormuz will reopen and oil prices will ease.
He warns that continued geopolitical uncertainty could keep oil and input costs elevated, making inflation stickier and posing a tail risk to corporate profits. Crossmark remains risk-on but watchful for prolonged supply shocks and upcoming Fed guidance.
For a copy of this week Doll's Deliberations click on the following link April 27 or go to www.crosssmarkglobal.com for additional insight and investment solutions.
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Bob Doll's Weekly Investment Commentary (April 20, 2026) reviews a strong week for equities—S&P +4.5%, NASDAQ nearly +7%, Russell 2000 +3.9%—as markets reacted to growing optimism about an end to the U.S.-Iran conflict.
Technology, consumer discretionary and communication services led gains while energy and utilities lagged. Oil’s spike appears to have peaked and the gap between spot and 12‑month forward prices has narrowed, but supply and price normalization will be gradual and uneven.
The outlook assumes a durable ceasefire and resilient global corporate profits that support continued risk-on positioning; however, earnings, valuations, inflation trends and potential setbacks from the conflict will determine whether returns are broadly positive.
Key takeaways include ceasefire optimism, resilient macro data despite the energy shock, rising near-term inflation expectations, narrow market breadth during the rally, and the crucial role of earnings and policy in shaping markets ahead.
For a copy of this week's Doll's Deliberations click on the following link April 20 or go to www.crossmarkglobal.com for additional insight and investment solutions.
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Bob Doll summarizes markets after a fragile Middle East ceasefire and its impact on oil, inflation, and investor positioning. Stocks rose while sectors rotated, credit spreads stayed tame, and the outlook depends on whether the ceasefire holds and energy prices cool.
Key takeaways include mixed economic data, higher payrolls, sticky price pressures, and a strategy favoring a higher stock-to-bond ratio if global growth persists — balanced with the risk of renewed conflict, inflation, or recession.
For a copy of this week's Doll's Deliberations click on the following link April 13 or go to www.crossmarkglobal.com for additional insight and investment solutions.
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This episode is a quarterly review of Q1 2026 covering market moves, geopolitical shocks, and economic outlook. Stocks and bonds retreated while oil rallied sharply after the Iran conflict; the S&P 500 fell, Nasdaq slid further, and small caps held modest gains.
Earnings were stronger-than-expected with rising 2026 EPS estimates that compressed the S&P's forward P/E as prices fell. The report discusses sector winners (energy, materials) and losers (tech, financials, consumer discretionary), the private credit risks, and shifting Fed expectations.
The show concludes with outlook and risks: higher inflation and rates, elevated recession odds if the Strait of Hormuz remains closed, and the conditions needed for the bull market to resume.
For a copy of this week's Doll's Deliberations click on the following link April 6 or go to www.crossmarkglobal.com for additional insight and investment solutions.
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Stocks fell sharply amid renewed Middle East conflict fears, with the S&P down 2% and NASDAQ extending losses. Energy and materials led gains while communication services lagged, and a choppy rally reflected hopes for ceasefire talks.
The episode explains why the war is likely to leave a lasting inflationary footprint, pushing yields higher and creating a stagflationary bias even as growth faces only modest drag. Investors should expect continued volatility, sector rotation, and higher-for-longer rates.
For a copy of this week's Doll's Deliberations click on the following link March 30 or go to www.crossmarkglobal.com for additional insight and investment solutions.
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Stocks fell for a fourth week as the Middle East conflict and volatile oil prices pushed investors toward safety. Energy and financials held up while utilities, materials and consumer staples lagged, and the market is wrestling with uncertainty about energy supplies and inflation.
The Fed paused on rates while inflation remains stubbornly above targets. Crossmark recommends a cautious asset mix — neutral equities, overweight cash, and underweight bonds — expecting further near-term weakness but a likely rebound once clarity on oil and supply risks emerges.
For a copy of this week's Doll's Deliberations click on the following link March 23 or go to www.crossmarkglobal.com for additional insight and investment solutions.
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Bob Doll reviews markets as Middle East conflict drives oil prices and investor concern. While the S&P 500 held roughly flat, the NASDAQ has softened, and energy-led price shocks raise the risk of higher headline inflation amid otherwise solid global growth.
Despite volatile moves across equities, bonds, gold and crypto, Doll concludes the recent energy shock has not yet derailed the expansion or market trends, though prolonged disruption could tip the outlook toward stagflation and weaker corporate profits.
For a copy of this week's Doll's Deliberations click on the following link March 16 or go to www.crossmarkglobal.com for additional insight and investment solutions.
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Markets fell after the Iran attack, with the S&P down about 2% as investors rotated to cash amid geopolitical risk, stretched AI-related valuations, private credit concerns, and elevated earnings expectations.
Sectors diverged: energy held up while materials, staples, healthcare and industrials led losses. Short-term volatility and oil sensitivity are elevated, but broad macro momentum, accommodative policy, and supply potential make a severe global slowdown unlikely unless the conflict escalates dramatically.
Conclusion: It is premature to overhaul a 6–12 month investment strategy. Stay cautious on U.S. equity valuations and bonds over the next year, favor geographic diversification including international and emerging markets, monitor oil and inflation, and separate short-term noise from fundamentals.
For a copy of this week's Doll's Deliberations click on the following link March 9 or go to www.crossmarkglobal.com for additional insight and investment solutions.
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Stocks were mixed last week as the S&P fell modestly while equal-weighted indexes and many non-U.S. markets outperformed. Big tech weakness—led by a nearly 7% drop in NVIDIA—contrasted with gains in utilities, consumer staples, healthcare, and energy.
The episode argues that calmer or lower U.S. Treasury yields have supported risk assets despite AI-driven dislocations, tariff uncertainty, and geopolitical oil-risk. Key risks include sticky inflation delaying Fed easing, tariff developments, and possible Middle East-driven oil spikes; however, while yields remain flat to lower, the risk‑on backdrop is likely to persist.
For a copy of this week's Doll's Deliberations, click on the following link March 2 or go to www.crossmarkglobal.com for additional insight and investment solutions.
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Bob Doll recaps the week: S&P gains led by big tech and cyclical sectors, mixed sector performance, and largely favorable Q4 earnings while investors rotate away from overpriced internet names. He compares current market dynamics to 1999–2000 but notes the broader market’s appetite remains supported by corporate profits and accommodative financial conditions.
The outlook stresses sticky inflation, potential future rate and yield increases, and tight corporate credit spreads—factors that warrant caution but do not yet signal a broad-based bear market. Investors should stay watchful but not prematurely bearish.
For a copy of this week's Doll's Deliberations click on the following link February 23 or go to www.crossmarkglobal.com for additional insight and investment solutions.
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