DOLL'S DELIBERATIONS

This Week's Commentary: September 20, 2021

U.S. equities finished lower last week, with the S&P 500 down 0.6%. (Small stocks were +0.4%.) The macro discussion was somewhat confusing and unsettled: CPI, retail sales data, and regional manufacturing data were good, while supply chain and input price pressures along with economic normalization headwinds from the spread of the Delta variant were offsets. The path to additional fiscal stimulus remained complicated, and there were cautious comments related to China. It seems like the path of least resistance has moved to the downside. The only two sectors that advanced were energy (+3.3%) and consumer discretionary (+0.5%); the worst sectors were materials (-3.2%) and utilities (-3.1%).

About the Author

ROBERT C. DOLL, CFA®
Chief Investment Officer

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 Officer

Crossmark 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 Intersect

Crossmark 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