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May 16, 2022Time For An Oversold Stock And Bond Rally?U.S. equities were lower last week (S&P 500 -2.4%) for the sixth straight week (the longest stretch in over ten years). During the midweek selloff, the S&P 500 hit the lowest point since March 2021 and the NASDAQ since November 2020. The bearish case for equities focused on monetary tightening, persistent inflation, China COVID lockdowns, recession fears, and extended valuations. The only positive sector for the week was consumer staples (+0.3%); the worst sectors were REITs (-3.9%) and financials (-3.5%).
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About the AuthorROBERT C. DOLL, CFA® Bob joined Crossmark in May 2021 as Chief Investment Officer (CIO), bringing 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 Global Investments Appoints Bob Doll as Chief Investment OfficerCrossmark Global Investments has hired financial services industry veteran, Bob Doll, as the firm’s new CIO. Bob will be responsible for leading Crossmark's investment team and expanding the firm’s growing range of values-based product offerings. |
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About Crossmark - Where Investments and Values IntersectCrossmark Global Investments is a faith-based boutique investment management firm that provides a full suite of investment strategies to institutional investors, financial advisors, and the clients they serve. For over 30 years, we have delivered uniquely constructed products based on our proprietary, disciplined, and repeatable process. We are especially known for helping our clients align their investments with their values by creating socially conscious, responsible investment strategies. Founded in 1987, we are headquartered in Houston, Texas. For more information including products, insights, and a special message from our CEO, visit crossmarkglobal.com
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