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Market Insights, Thought Leadership

A Case for Balance

In recent years, U.S. market performance has been dominated by growth equities, particularly since the AI-driven rally that began in late 2022. Yet history reminds us that leadership between growth and value is cyclical. Extended periods of dominance by one style often give way to long stretches of outperformance by the other. In this brief paper, we explore why this trend makes portfolio rebalancing critical, the risks of overconcentration in growth stocks, and how large cap value strategies may provide diversification, attractive fundamentals, and the potential for consistent returns. This not a case against growth or for value; it is a case for balance.
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Doll’s Deliberations®

Weekly investment commentary

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Special Edition of Doll’s Deliberations

Equity futures (down more than 1% as I write) were down 2% a few hours ago as oil skyrocketed to nearly $120 per barrel (now just over $100). That’s a near doubling since just before the war started. Risk asset declines are reflecting a concern about a stagflationary environment (high inflation and low growth.) The $100 oil level is seen by many as a breaking point for the global economy.
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Will the War Upset Global Economic Momentum?

The war in Iran hit equities and other risk markets hard last week. The ratcheting up of geopolitical tensions added to pre-existing investor nervousness about excesses in AI-related equities, mounting strains in private credit, and high valuations. This triggered widespread selling pressure as investors rotated to cash. But history suggests geopolitical events only have a sustained impact on capital markets if they materially alter the economic outlook. What does it all mean for investors? Bob breaks it down in this week’s newsletter.

Thought Leadership

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Bob Doll’s 1Q26 Market Update (Webinar Presentation)

In his first webinar of the year, Bob Doll, CFA, covered his 10 Predictions for 2026 plus potential risks and opportunities in a high-risk bull market. Access the presentation and watch the webinar replay for all of Bob’s insights.
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10 Predictions for 2026: Full Report

Bob Doll presents his 10 Predictions for 2026, covering all the key trends expected to affect market performance, including inflation, interest rates, sector surprises, and of course, AI.

Webinars

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Bob Doll’s 10 Predictions for 2026 Webinar – Q1 2026

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Bob Doll’s Live Quarterly Market Update Webinar – Q4 2025

In the News

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Victoria Fernandez on Yahoo Finance

Crossmark’s Chief Market Strategist Victoria Fernandez, CFA, joined Brian Sozzi on Yahoo Finance’s Opening Bid. Victoria and Brian discussed the evolving software space pertaining to the market and the growing role of AI within it — particularly at a time when the sector is facing significant pressure.
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Victoria Fernandez on Yahoo Finance

Crossmark’s Chief Market Strategist Victoria Fernandez, CFA, joined Brian Sozzi on Yahoo Finance’s Opening Bid. Victoria discussed the Trump administration’s new 25% tariff on certain advanced computing chips, including exemptions tied to U.S. AI infrastructure, and what it could mean for markets.

Press Releases

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Crossmark Global Investments Launches Two Active Values-Based ETFs, Managed by Industry Veteran Bob Doll

Crossmark Global Investments has launched two actively managed exchanged-traded funds (ETFs): Crossmark Large Cap Growth ETF (ticker: CLCG) and Crossmark Large Cap Value ETF (ticker: CLCV).
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Crossmark Files Preliminary Registration Statement for Two Values-Based Actively Managed ETFs: Crossmark Large Cap Growth ETF and Crossmark Large Cap Value ETF

The offering marks Crossmark’s entry into the active ETF market and the first ETFs managed by Bob Doll in his four-decade career managing portfolios for clients.