Doll’s Deliberations

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.  

Stocks edged higher amid cooling inflation, but sticky price pressures, rising Treasury yields, and Middle East energy risks keep the outlook uncertain. Earnings have held up, credit and equity markets remain positive, yet bond markets face supply and liquidity pressures that could end the rally.
Investors should monitor bond yields, credit spreads, and geopolitical developments while noting political shifts toward economic populism that could influence policy and market outcomes.
For a copy of this week's Doll's Deliberations click on the following link August 17 or go to www.crossmarkglobal.com for additional insight and investment solutions.

Bob Doll reviews the August 10 market update: stocks surged (S&P +3.5%, NASDAQ +5%) led by tech and strong earnings, while the S&P reached a new all-time high. The rally is supported by robust corporate results and accommodative global policy, but risks are mounting—Middle East volatility, persistent inflation, rising bond yields, and heavy concentration in AI/technology.
Doll highlights ten key points including weaker-than-expected payrolls, extraordinarily high but potentially slowing earnings growth, widening credit stresses in parts of the market, and pivotal Fed actions on rates and the balance sheet. The takeaway: equities may continue to benefit from economic expansion, yet face meaningful tests if earnings momentum fades.
For a copy of this week's Doll's Deliberations click on the following link August 10  or go to www.crossmarkglobal.com for additional insight and investment solutions. 

Bob Doll reviews last week’s market action: the S&P posted a modest gain while momentum and AI/tech names grew volatile amid mixed earnings and sector divergence.
He highlights three key risks—rising oil prices, weakening sentiment toward select tech niches, and climbing government bond yields—while noting that corporate profits and accommodative central-bank stances remain supportive. Dahl expects sector rotation rather than a broad equity sell-off, but cautions that higher bond yields and geopolitical/tariff missteps could pose larger threats; for now he recommends close monitoring rather than de-risking.
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.

In this episode Bob Doll reviews the weeks market moves — a modest pullback in stocks amid rising geopolitical tensions and renewed tariff worries — and argues risks have increased but not yet delivered a fatal blow to the global expansion.
He highlights rising oil and bond yields, pressure on consumers, resilience in credit spreads, and a slightly pro-growth but guarded investment stance: be ready to de-risk if tensions or inflationary forces worsen.
For a copy of this week's Doll's Deliberations click on the following link July 27 or go to www.crossmarkglobal.com for additional insight and investment solutions.

Markets dipped last week as momentum stocks—especially semiconductors, memory, and AI infrastructure names—led declines while energy and real estate outperformed. A softer inflation print eased near‑term rate fears, but rising bond yields and renewed Middle East tensions keep policy risk elevated.
Investors are rotating away from crowded tech and MAG‑7 winners amid concerns over hyperscaler CapEx and AI monetization, even as corporate profits and accommodative global conditions support further upside. The cycle likely continues unless bond yields overshoot or central banks tighten significantly.
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 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.
 

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.

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.