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July 22, 2024 Is the Stock Market Broadening? U.S. equity indexes were mixed last week with the market largely rotating out of big tech/momentum/growth into value/cyclicals/small caps. The S&P 500 Index was down (-1.95%); the NASDAQ fell (-3.65%); and the Russell 2000 Index was up (+2.33%). Themes included soft-landing hopes, expectations for a Fed rate pivot, and a surge in the “Trump trade.” Best sectors were energy (+2.06%), real estate (+1.32%), and financials (+1.19%); worst sectors were technology (-5.14%), communication services (-2.87%), and consumer discretionary (-2.68%).
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About the AuthorROBERT C. DOLL, CFA® Bob joined Crossmark in May 2021 as Chief Investment Officer (CIO), and took on the additional responsibilities of President and Chief Executive Officer in January 2024. He brings his 40 years of industry experience to guide the investment process and serve as portfolio manager for multiple Crossmark large-cap strategies. |
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Crossmark's Chief Investment Officer Bob Doll to Add President and CEO RolesCrossmark Global Investments has hired financial services industry veteran, Bob Doll, as the firm’s new President, CEO and CIO. |
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About Crossmark - Where Investments and Values IntersectCrossmark Global Investments is a faith-based firm that creates and manages values-based investment strategies for financial intermediaries and their clients. Founded over 35 years ago, the firm has a rich history of inspiring and equipping its clients to go further in aligning their investments with their values. Crossmark is based in Houston, Texas. For more information including products, and insights, visit crossmarkglobal.com
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