Doll’s Deliberations

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.