Doll’s Deliberations

Bob Doll reviews mixed markets where AI-related tech strains cooled enthusiasm, energy prices remain a persistent headwind, and bonds rallied as yields eased. Corporate profits and resilient growth keep broad credit steady, but concentrated AI financing risks and geopolitical supply threats could trigger wider volatility.
This episode outlines ten key market signals — from housing starts and Fed outlooks to earnings, credit spreads, and political noise — and concludes consolidation may be temporary unless AI investment reverses sharply or broader credit stresses emerge.
For a copy of this week's Doll's Deliberations click on the following link October 26 or go to www.crossmarkglobal.com for additional insight and investment solutions.

Bob Doll explains how a recent easing in bond yields—driven partly by cracks in the AI trade—could provide a temporary lift to equities, even as global growth remains robust and inflation stays stubbornly above target.
He highlights risks from a potential renewed rise in yields, the Fed’s likely pacing, mixed sector performance, and why investors should watch rates, corporate profits, and policy as markets adapt to a higher-yield world.
For a copy of this week's Doll's Deliberations click on the following link October 19 or go to www.crossmarkglobal.com for additional insight and investment solutions. 

Bob Doll reviews the week: modest stock gains, improving breadth, and sector winners in staples, utilities and energy, while technology and industrials lag. His essay "Sticky Inflation Will Eventually Cause More Problems for Markets" argues that rising real yields reflect stronger growth, prompting central banks to keep rates higher.
Key takeaways: the U.S. economy is resilient but faces slowdown risks from higher oil, tighter policy and rising yields; large deficits and elevated debt are a concern; bonds and equities look similarly valued and tech concentration is high. Yields may consolidate, but further upward pressure could cause market stresses.
For a copy of this week's Doll's Deliberations click on the following link October 12 or go to www.crossmarkglobal.com for additional insight and investment solutions. 

Quarter-end review of Q3 2026: mixed equity performance, surging 10-year yields, and very strong corporate earnings amid resilient economic activity. Key drivers include higher oil prices, renewed Fed rate hikes, and heavy AI-driven investment.
The episode outlines risks from rising bond yields and sticky inflation, the durability of earnings, and the potential for a pullback if yields continue to break out. It ends with five conclusions and ten practical assumptions for Q4 to help investors plan and consider de-risking if bond volatility persists.
For a copy of this week's Doll's Deliberations click on the following link Q3 2026 or go to www.crossmarkglobal.com for additional insight and investment solutions.

Markets rallied last week with the S&P 500 up 1.25% and the NASDAQ at a record high, led by technology, communications, and healthcare while utilities, energy, and financials lagged.
However, a breakout in the U.S. 10‑year Treasury yield above 5% amid stronger‑than‑expected PMI readings and hawkish Fed moves sparked concerns — higher yields reflect robust growth, persistent inflationary pressures, rising deficits, and revived corporate borrowing.
The episode advises caution: consider de‑risking if yields continue to rise, monitor CCC credit spreads and global credit conditions, and note political and earnings outlooks.
For a copy of this week's Doll's Deliberations click on the following link September 28 or go to www.crossmarkglobal.com for additional insight and investment solutions. 

Bob Doll reviews last week’s market action: the Fed’s rate hike, oil above $100, rising bond yields, and AI-driven corporate borrowing, and asks whether the gradual rise in yields could eventually turn disorderly.
He outlines resilient equity earnings and sector performance, highlights inflation and fiscal risks, and concludes investors should favor stocks over bonds while remaining prepared for bond-market volatility.
For a copy of this week's Doll's Deliberations click on the following link September 21 or go to www.crossmarkglobal.com for additional insight and investment solutions. 

Bob Doll reviews last week’s market moves: S&P 500 slipped, Brent crude neared $100, and core inflation and long-term bond yields have pushed higher, increasing pressure on equities.
He discusses the geopolitical strains between the U.S. and Iran, a regional trade dispute with Canada, and how rising oil and inflation expectations are impacting consumer sentiment, earnings outlooks, and Fed policy risk ahead of the midterms.
Despite a supportive economic backdrop that favors stocks over bonds, Doll warns markets may be pricing in an overly optimistic scenario and highlights key risks — including slowing earnings, sharper rate moves, and persistent deficits — that could unsettle asset prices.
For a copy of this week's Doll's Deliberations click on the following link August 14 or go to www.crossmarkglobal.com for additional insight and investment solutions. 

Bob Doll reviews the week: mixed stock performance, rising interest rates and oil prices, and strong corporate profits supporting equities despite growing bond market stress. The Fed’s hawkish signals, sticky inflation, and geopolitical risks are pushing yields higher, creating a challenging backdrop for both stocks and bonds.
The episode argues for a tilt toward international markets, highlights key economic data and risks ahead (including elections and AI-related credit stress), and explains why rising bond yields could limit future equity gains even as the global economy remains resilient.
For a copy of this week's Doll's Deliberations click on the following link September 8 or go to www.crossmarkglobal.com for additional insight and investment solutions. 

Bob Doll reviews markets for August 31, highlighting rising interest-rate risks and mild stagflationary pressures driven by tariffs, Middle East tensions, and heavy debt issuance. While equities and corporate profits remain supportive, upward pressure on global bond yields is the primary threat to markets.
The episode summarizes key points: resilient economic growth and AI-led capex, sticky inflation (core PCE), sector performance, low but uneven credit spreads with early warning in CCC-rated debt, elevated public debt, and the likelihood of slower profit growth in 2027 — all underscoring the risk of an overshoot in long-term yields.
For a copy of this week's Doll's Deliberations click on the following link August 31 or go to www.crossmarkglobal.com for additional insight and investment solutions.

Bob Doll reviews last week’s market drop and explains how rising bond yields, sticky inflation, and fiscal pressures are putting upward pressure on interest rates. The Treasury’s bid to buy long-dated bonds won’t reverse these forces, and higher yields could threaten equities unless growth cools or inflation eases.
He summarizes key sector moves, the Fed backdrop, and ten takeaways — from resilient corporate profits and steady consumption to the risks of unorthodox policy. The episode concludes that attempts to cap yields may fail and could accelerate pressure on the dollar and markets.
For a copy of this week's Doll's Deliberations click on the following link August 24th or go to www.crossmarkglobal.com for addition insight and investment solutions.