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.