Bob Doll reviews 2025’s broad market rally and outlines 10 concise predictions for 2026, centered on a "high-risk bull market." Key themes: modest U.S. growth, sticky inflation keeping yields higher, tighter credit conditions, slowing earnings growth, sector leadership in tech/financials, continued AI-driven volatility, and potential international outperformance. Actionable takeaway: markets are priced for perfection—exercise caution, be ready to cut beta if yields spike or AI euphoria fades. Tune in for the annual prediction webinar on January 7. Click on the following link to register for the Live Webinar on January 7, 2026 at 3 p.m. CT.  Bob Doll's 10 Predictions for 2026 registration - Webex   Mark your calendar. For a copy of this week's Doll's Deliberations click on the January 5 or go to www.crossmarkglobal.com for additional insight and investment solutions.

Bob Doll reviews \d examines 10 predictions for 2025, concluding seven were correct. He summarizes the year’s markets: a third straight year of double-digit S&P gains, AI-driven earnings strength, a tariff-triggered drop and strong rebound, and ongoing investor optimism for 2026. The episode highlights key themes—slower economic growth with slightly higher unemployment, sticky inflation, Treasury yields mostly between 4%–5%, elevated volatility, mixed sector and portfolio performance, and partial policy changes—then offers a cautious outlook for 2026. The next issue is due Dec. 31. For a copy of this week's Doll's Deliberations click on the following link December 15 or go to www.crossmarkglobal.com for additional insight and investment solutions.

Stocks posted modest gains as investors priced in a likely December Fed move, but valuations are rich and late-cycle conditions raise the risk of limited returns and higher-than-usual volatility in 2026. Economic growth remains sturdy, inflation is likely to stay above target, and expectations for aggressive Fed cuts may be overly optimistic. Crossmark’s outlook is cautiously constructive for risk assets but favors a defensive posture: moderate total returns are most likely, yet heightened volatility and the chance of a broad correction argue for shorter-than-normal risk exposure and a buffer against downside surprises. AI remains a dominant theme but may not meet inflated expectations. For a copy of this week's Doll's Deliberations click on the following link December 8 or go to www.crossmarkglobal.com for additional insight and investment solutions.

Issue 5.48 examines the macro environment heading into 2026: steady growth despite policy noise, supportive consumer and corporate finances, the lift from AI capex, and an outlook of real GDP around 2–2.5% with inflation near 3%. Investment implications include richly priced equities and tight credit spreads, limited upside for returns, and upside risks to inflation if the Fed under-delivers on expected rate cuts—suggesting caution in bonds and equity valuations and a focus on earnings and policy developments. For a copy of this week's Doll's Deliberations click on the following link December 1 or go to www.crossmarkglobal.com for additional insight and investment solutions.

Bob Doll reviews a volatile week in markets as strong third‑quarter earnings clashed with rising uncertainty about Federal Reserve rate cuts, sending high‑momentum stocks lower despite better‑than‑expected corporate results. The episode explains why earnings strength hasn’t been enough to sustain rallies, highlights risks from AI spending and credit trends, and advises watching credit spreads and valuation pressure as the market shifts to a more discriminating environment. For a copy of this week's Doll's Deliberations click on the following link November 24 or go to www.crossmarkglobal.com for additional insight and investment solutions.

Bob Doll reviews a mixed market week, where the Dow and S&P were slightly up while the NASDAQ and Russell 2000 lagged. He explains why plentiful liquidity persists despite a reduced likelihood of a December Fed rate cut, and how fiscal looseness, sticky inflation, and rising long-term yields shape asset prices. The episode covers key risks and signals: government reopening, mixed labor and economic data, tech-driven market concentration, widening high-yield spreads, gold’s rally, and the U.S. dollar’s technical bounce — all framed as potential triggers that could eventually end the current market cycle. For a copy of this week's Doll's Deliberations click on the following link November 17 or go to www.crossmarkglobal.com for additional insight and investment solutions.

This episode reviews last week’s market pullback after three weeks of gains, highlighting sector winners and losers, breadth concerns, and subdued investor reactions to strong earnings. Bob Doll explains the macro backdrop—solid global growth, high valuations, and expectations for fewer Fed cuts—then offers a cautious view: diversify portfolios as returns may be lower over the next 6–12 months despite rising earnings. For a copy of this week's Doll's Deliberations click on the following link November 10 or go to www.crossmarkglobal.com for additional insight and investment solutions.

Bob Doll summarizes the week: the Fed cut rates 25 basis points and will end quantitative tightening on December 1, while big-cap tech earnings beat expectations and drove market gains even as small caps and several sectors lagged. Emerging markets also showed strong performance amid continued central bank easing. Valuations and risk-taking have pushed many metrics to extremes, with inflation around 3% complicating further rate cuts. Doll concludes that asset-price inflation will likely persist near term unless a major bond-yield rise or policy shock occurs, so speculative activity should be monitored. For a copy of this week's Doll's Deliberations click on the following link November 2 or go to www.crossmarkglobal.com for additional insight and investment solutions.

Stocks reached new highs as markets lean on Fed easing, favorable inflation data, and solid earnings, while select sectors lead gains and only a few lag. Despite a broadly supportive macro backdrop, markets are overbought and vulnerable to sharp corrections in assets with large "air pockets" such as gold and cryptocurrencies. Key themes include below-consensus CPI, limited fresh U.S. data due to the government shutdown, resilient corporate earnings supported by AI investment, and ongoing risks from inflation and geopolitical/political events. For a copy of this week's Doll's Deliberations click on the following link October 27 or go to www.crossmarkglobal.com for additional insight and investment solutions.

Stocks rebounded after a volatile week, with the S&P up 1.75% following a sharp sell-off. Q3 earnings kicked off strongly led by big banks, while communication services and real estate led sector gains amid churning below the surface. Economic indicators and Fed signals point to slowing growth: the Beige Book and ISM services show weakness, the labor market has cooled, and Fed remarks and minutes suggest increased uncertainty about the path for rates — raising odds of an October cut. Watch Q3 earnings for signs around deregulation, AI capex, consumer health, and power costs. Geopolitical and policy risks have re-emerged with U.S.-China tensions, tariffs and rare earth measures, and a continuing government shutdown. Precious metals have surged, and the recommended portfolio stance favors high-quality Treasuries and caution on credit and high-yield exposure. For a copy of this week's Doll's Deliberations click on the following link October 20 or go to www.crossmarkglobal.com for additional insight and investment solutions.

Quick Q3 roundup: equities climbed as strong corporate earnings, AI optimism, and expectations of Fed easing drove markets higher, while short-term yields eased and technology led sector gains. But the backdrop is mixed — hiring has slowed, inflation remains stubborn, valuations are elevated, and soaring fiscal deficits add risk. Stay engaged with markets but remain vigilant. For a copy of the Quarterly Market Update and review of the top 10 predictions click on the following link October 13 or go to www.crossmarkglobal.com for additional insight and investment solutions.

Bob Doll reviews recent market gains and the drivers behind them: optimism about a temporary labor slowdown, expectations of Fed easing, and strong corporate profits—especially among mega-cap tech companies—while warning that equity valuations are already elevated. He recommends a cautious stance: prefer equities over bonds on a 6–12 month horizon but keep a neutral overall equity weight, modestly underweight U.S. exposure and overweight emerging markets, the euro area, and Japan, noting the main risk is a sudden rise in bond yields if inflation stays sticky. For a copy of this week's Doll's Deliberations click on the following link October 6 or go to www.crossmarkglobal.com for additional insight and investment solutions.

Bob Doll reviews the latest market action, noting a weekly pullback despite strong rallies and top-performing sectors like energy and utilities. He argues that accommodative central banks and rising corporate profits have kept risk assets elevated, while stretched valuations, rising gold, and high AI stock multiples create vulnerabilities. Ten key takeaways cover GDP forecasts, labor market cracks, margins and valuation metrics, and the conditions that could reverse the trend — notably higher bond yields or disappointing economic and earnings growth. For a copy of this week's Doll's Deliberations click on the following link September 29 or go to www.crossmarkglobal.com for additional insight and investment solutions.

Stocks extended gains after the Fed’s 25bp ‘risk-management’ rate cut, with major averages and sectors like tech and communication services hitting new highs. Economic growth has cooled but is not recessionary, while inflation remains stickier than policymakers would like. Monetary conditions are becoming more accommodative, supporting asset prices for now, but rich valuations and the prospect of a renewed rise in bond yields pose downside risks if inflation or policy expectations shift. For a copy of this week's Doll's Deliberation click on the following link September 22 or go to www.crossmarkglobal.com for additional insight and investment solutions.

In this episode Bob Doll reviews the latest market moves, noting a record-setting stock rally amid a dovish Fed poised to cut rates even as core inflation remains stubborn and hiring cools. He explains how tariffs, slower immigration-driven labor growth, and strong corporate profits are shaping a slow-growth, mildly inflationary backdrop. Listeners will learn why markets are upbeat despite valuation risks, what indicators to watch (inflation, employment, bond yields), and how monetary and fiscal policy may influence risk assets in the months ahead. For a copy of this week's Doll's Deliberations click on the following link September 15 or go to www.crossmarkglobal.com for additional insight and investment solutions.

Bob Doll reviews the week: mixed markets with the S&P up, weak August payrolls that boosted Treasury prices and Fed-cut expectations, and uneven sector performance driven by MAG-7 strength and sticky inflation. He concludes that earnings and supportive policy fuel a positive outlook, but stretched valuations, rising long-term yields, and persistent inflation make returns likely bumpy and the risk-reward less favorable. 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 last week’s market moves, sector performance, and corporate earnings while highlighting growing tensions between the White House and the Federal Reserve. Investors remain focused on the prospect of lower short-term rates even as inflation and policy uncertainty rise. The episode argues that valuations are not a reliable market-timing tool and explains why ongoing Fed dovishness will sustain a liquidity-driven, risk-on environment for now, even as higher inflation may push long-term yields up (a bear steepening) and eventually pressure long-duration assets. Key takeaways include upward GDP revisions, strengthening earnings, threats to Fed independence, tariff-driven headwinds, low volatility, dollar pressure, and potential small-cap leadership if dovish policy continues. For copy of this week's Doll's Deliberations click on the following link Doll’s Deliberations or go to Crossmarkglobal.com for more insight and investment solutions.

This episode reviews last week’s market action where the S&P 500 finished slightly higher and sector leadership was led by energy, real estate, and financials while tech lagged. Bob Doll explains why stretched MegaCap valuations, ample liquidity, and rising hopes for Fed rate cuts have driven a risk-on rally — but warns the backdrop is fragile: markets must ‘‘thread the needle’’ between weakening corporate earnings and a potential rise in long-term bond yields. Key takeaways include Powell’s dovish tone boosting rate-cut odds, slowing retail and housing data, easing wage growth, compressed volatility, and concentrated market gains — concluding that risk-on sentiment may persist until earnings or yields shift materially. For a copy of this week's Doll's Deliberations click on the following link Doll’s Deliberations or go to www.crossmarkglobal.com for additional insight or investment solutions.

Bob Doll reviews last week’s market action: stocks rose near record highs amid strong earnings and expectations of imminent Fed rate cuts, while small caps and select sectors led gains. He cautions that inflation metrics remain above the Fed’s 2% target and that tariffs, fiscal stimulus, and concentrated market leadership create upside inflation and policy risks that could reverse current complacency. For a copy of this week's Doll's Deliberations click on the following link August 18 or go to www.crossmarkglobal.com for additional insight and investment solutions.

In this episode of Doll's Deliberations, Bob Doll discusses the positive performance of the S&P 500 amidst growing expectations of Federal Reserve interest rate cuts and clarity around tariffs. Despite concerns about stagflation, certain sectors like technology and communication services have shown impressive growth. The episode delves into the investment landscape, questioning whether the bull market is in its 'extra innings' due to abundant liquidity and global monetary policies acting as buffers against higher tariffs. It emphasizes the importance of sustaining corporate profits and labor demand in navigating economic uncertainties. Key insights include expectations for future economic growth, potential inflation impacts, and the influence of U.S. trade policies. With equity markets at elevated valuations, the discussion underscores the need for caution amidst global economic complexities. For a copy of this week's Doll's Deliberations click on the following link August 11 or go to www.crossmarkglobal.com for additional insight and investment solutions.