July 11, 2022Attention Shifts from Multiple Compression to Earnings ConcernsU.S. equities finished lower for a third straight quarter. The S&P 500, which at one point experienced a seven-week losing streak, fell the most since the height of the pandemic fears in Q1 of 2020 (-16.5%). This has been the worst first half of the year for U.S. stocks since 1970. Inflation remained the big drag on risk sentiment in Q2. May headline CPI came in higher than expected, increasing 1.0% m/m and 8.6% y/y, the biggest annual increase in over 40 years. Surging food and energy prices were key upside drivers.
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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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