Doll’s Deliberations

From the mind of industry veteran Bob Doll comes Doll's Deliberations®, a weekly investment commentary.

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Commentary

Comments on the Bond Market Riot

Market Insights, Doll’s Deliberations

Comments on the Bond Market Riot

Treasury yields are rising as economic growth firms and inflation remains elevated, keeping pressure on interest rates. Bob Doll and Victoria Fernandez take a look at what matters in the bond uproar.

09/28/2026

Bonds Under Pressure

Doll’s Deliberations

Bonds Under Pressure

U.S. Treasury yields surged above 5% as stronger economic growth, persistent inflation, rising government deficits, and renewed corporate borrowing pushed bond yields higher. While higher yields are creating risks for equities, credit markets remain relatively strong.

09/28/2026

Will Something Break? Bond Yields, Inflation, & Market Risk

Doll’s Deliberations

Will Something Break? Bond Yields, Inflation, & Market Risk

Bond markets have weakened steadily in recent months. Firming global growth, accommodative monetary conditions, expanding budget deficits, a surge in AI-related corporate borrowing, and sticky inflation have all pushed yields higher.

09/21/2026

Bond Yield Increases Are Finally Impacting Equities

Doll’s Deliberations

Bond Yield Increases Are Finally Impacting Equities

Stocks pulled back last week as oil approached $100 per barrel, inflation remained elevated, and bond yields continued to rise. Investors are grappling with an escalation of war on two fronts. Read Bob’s take on what matters:

09/14/2026

Bull Stocks, Bear Bonds: How Long Can It Last?

Doll’s Deliberations

Bull Stocks, Bear Bonds: How Long Can It Last?

Rising global bond yields are threatening to derail the risk-on rally. Renewed military action in the Middle East is adding to the near-term upside risk for oil prices, inflation expectations, and bond yields. How much longer can equities keep climbing while bonds keep sliding?

09/08/2026

Rising Interest Rate Risks Remain

Doll’s Deliberations

Rising Interest Rate Risks Remain

The U.S. administration has not pivoted from taking short-term economic risks to pursuing pro-growth policies ahead of the mid-term elections, as expected. What should investors expect as a result? Read Bob's full take.

08/31/2026

Will Higher Interest Rates Threaten Equities?

Doll’s Deliberations

Will Higher Interest Rates Threaten Equities?

Long-term Treasury yields continue to face upward pressure as economic growth remains solid, inflation stays sticky, and government finances deteriorate. Could higher rates and bond yields eventually threaten equities?

08/24/2026

An Inflation Respite, But Problem Unlikely Solved

Doll’s Deliberations

An Inflation Respite, But Problem Unlikely Solved

Inflation's cooling but the Fed's not off the hook yet, Bob Doll looks at what sticky inflation, surging yields, and a resilient stock market mean for portfolios.

08/17/2026

Becoming Increasingly Concerned About the ‘High Risk’ in ‘High Risk Bull Market’

Doll’s Deliberations

Becoming Increasingly Concerned About the ‘High Risk’ in ‘High Risk Bull Market’

The global economic expansion should continue to roll on, but the threats to the bull run in risk assets are growing.

08/10/2026

More Flies in the Ointment, but Earnings Remain Strong

Doll’s Deliberations

More Flies in the Ointment, but Earnings Remain Strong

As geopolitical tensions intensified and stocks pulled back, investors were left wondering whether strong earnings can continue to support markets. Read Bob's assessment.

08/03/2026