News & Insights

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.

Explore More

Doll’s Deliberations^®

Weekly investment commentary

See All Commentaries

Good Earnings Reports Are Being Met With a Yawn at Best

Global earnings should continue to rise in response to the ongoing global economic expansion, providing support for equity prices. Less positively, the stock price boost from re-rating over the past few years is likely to fade and could even reverse.

The Stimulus Party Continues

Developed market central banks continue to provide additional monetary stimulus, whether or not it is warranted, with both the Fed and BoC cutting rates last week.

Thought Leadership

see all leadership insights

Bob Doll’s Quarterly Market Update Slide Deck 4Q25

In his quarterly webinar, Bob Doll provided his views on the markets, the economy, and what lies ahead for investors in 4Q25.

Bob Doll’s Quarterly Investment Commentary 4Q 2025

In his quarterly update, Bob Doll discusses how, despite lingering economic headwinds, markets remain focused on the positives: solid GDP growth, a resilient labor market, and confidence that the Federal Reserve will maintain its easing stance over the next two years. He also updates his 10 Predictions scorecard – where has he hit, where has he missed?

Webinars

see all webinars

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

Bob Doll’s Live Quarterly Market Update Webinar – Q2 2025

In the News

See All Media Appearances

Victoria Fernandez on Bloomberg TV’s Open Interest

Crossmark’s Chief Market Strategist Victoria Fernandez, CFA, joined Matt Miller on Bloomberg TV’s Open Interest. Victoria shared insights on the equity rally’s staying power — strong earnings and AI investment are keeping optimism alive, but shrinking market breadth suggests the bull run could be losing balance.

Victoria Fernandez on CNBC

Crossmark’s Chief Market Strategist Victoria Fernandez, CFA joined Frank Holland on CNBC Worldwide Exchange. Victoria discussed how stretched valuations and interest rate concerns are shaping market dynamics, as well as the renewed momentum in the biotech sector.

Press Releases

see all press releases

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).

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.

Insights