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Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC's full interview with John Mowrey, Adam Parker and Victoria FernandezVictoria Fernandez, Crossmark Global Investments chief market strategist, John Mowrey, NFJ Investment Group CIO, and Adam Parker, Trivariate Research, join 'Closing Bell' to discuss the best risk to reward equation in the markets, the investors' current positioning, and more.
Persons: John Mowrey, Adam Parker, Victoria Fernandez Victoria Fernandez Organizations: Crossmark Global Investments, NFJ Investment, Research
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWe're seeing people position for more volatility in back half of the year: WSJ's Gunjan BanerjiVictoria Fernandez, Crossmark Global Investments chief market strategist, and Gunjan Banerji, lead writer for The Wall Street Journal’s live markets coverage, join 'Squawk Box' to discuss the recent market trends, whether a pullback is coming, and more.
Persons: WSJ's, Victoria Fernandez, Gunjan Banerji Organizations: Crossmark Global Investments
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCharles Schwab's Kevin Gordon on markets: Neither a bull nor a bear marketVictoria Fernandez, chief market strategist at Crossmark Global Investments, Kevin Gordon, senior investment research manager at Charles Schwab, and Tom Lee, Fundstrat Global Advisors co-founder, join 'Closing Bell' to discuss the debate between a bull and bear market, the rising cost of debt, and lagging performance in staples and value names.
Persons: Charles Schwab's Kevin Gordon, Victoria Fernandez, Kevin Gordon, Charles Schwab, Tom Lee Organizations: Crossmark Global Investments, Fundstrat Global Advisors
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCrossmark's Bob Doll: Now's the time to be cautious and 'take a little off' on ralliesBob Doll, Crossmark Global Investments CIO, joins 'Squawk on the Street' to discuss last Friday's jobs report, when the Federal Reserve's interest rate push will go through the economy, and more.
Persons: Bob Doll Organizations: Global Investments
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailOptions trading shows some volatility in Disney, says Crossmark's Victoria FernandezVictoria Fernandez, chief market strategist at Crossmark Global Investments, joins 'Closing Bell' to discuss her expectations from Disney earnings.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFind cheap value stocks that have momentum, says Crossmark's Bob DollBob Doll, Crossmark Global Investments CIO, joins 'Squawk on the Street' to discuss finding growth and value stocks, Kevin McCarthy's debt ceiling comments, and more.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBanking crisis increases the probability of a recession, says Crossmark’s Bob DollBob Doll, Crossmark Global Investments CIO, joins 'Closing Bell: Overtime' to discuss why he suggests trimming mega-cap tech, why the Treasury market is a good place to be, and more.
Doll says the S&P 500 will drop to 3,400 if a mild recession unfolds. If a more normal recession (more severe than a mild downturn) comes, Doll said the index could fall to 3,000. The Fed's recession probability tracker based on the yield curve also now puts the odds of a recession at 57%. Subramanian expects the S&P 500 to fall as low as 3,000, a view shared by Morgan Stanley's Mike Wilson. If trouble hits, like Doll and much of Wall Street expects, stocks could extend their fall to new lows.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailInflation is still way above what the Fed would like it to be, says Crossmark's Bob DollBob Doll, Crossmark Global Investments CIO, joins 'Squawk on the Street' to discuss his thoughts on the bond market, inflation, and earnings estimates.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe Fed's efforts to dampen demand aren't working, says Crossmark's Victoria FernandezVictoria Fernandez, chief market strategist at Crossmark Global Investments, joins 'Squawk Box' to discuss indicators of a mild recession, anticipations for Fed funds futures, and more.
Watch CNBC's full interview with Crossmark's Bob Doll
  + stars: | 2023-01-19 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC's full interview with Crossmark's Bob DollBob Doll, CIO at Crossmark Global Investments, joins 'TechCheck' to break down his top predictions for 2023.
Has inflation finally peaked?
  + stars: | 2023-01-08 | by ( Paul R. La Monica | ) edition.cnn.com   time to read: +6 min
But for investors, consumers and the Federal Reserve, inflation remains a major economic concern, just as it was in 2022. The hope is that inflation pressures will cool even more dramatically as the year progresses. We believe inflation peaked in June,” said Nancy Tengler, CEO and chief investment officer with Laffer Tengler Investments, in a report. Inflation impact on the Fed and housingWhat’s more, lower levels of inflation should allow the Fed to keep slowing its pace of interest rate hikes. But if inflation pressures continue to abate – and the Fed acknowledges that by pulling back on rate hikes – then the housing market may rebound.
Crossmark's Bob Doll sees another lackluster year ahead for stocks. 2022 was a rough year for the stock market, with the S&P 500 closing out the year down nearly 20%. "2023 is shaping up to be another challenging year for investors," Doll said in his yearly predictions note on Tuesday. The cumulative effect of tight policy will eventually catch up to the economy this year, and send it into a mild recession, Doll believes. Finally, given the muted returns he sees this year for the broader market, Doll expects active fund managers to beat passive index funds this year.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFernandez: A recession mid-next year will be driven by earnings and a resilient consumerVictoria Fernandez, Chief Market Strategist at Crossmark Global Investments, joins Worldwide Exchange to discuss how to position your portfolio.
Investors hoping that the stock market's rally since mid-October is sustainable are bound for disappointment, according to top investors at wealth management firm Glenmede. The current bear market (highlighted below in green) is 11 months in, and the S&P 500 is down 18% over that time. Glenmede"The current bear market appears to be close to 2/3rds of the way through the typical bear-market decline. The current market appears to be following a similar trajectory of an average historical bear market so far," they said. "We've had a nice little run here in the stock market — it's the third double-digit percentage gain since the bear market started," Doll said.
The S&P 500 is down 16% on the year as the Fed tightens policy to fight inflation. The S&P 500 fell as much as 25% this year as the Federal Reserve pulled its support for the US economy. To return to normal valuation levels, the market would have to fall 58% further from where it sits currently, he said. The most bearish strategists among major Wall Street institutions see the S&P 500 falling to around the 3,000, about -25% assuming a recession plays out. He's more bearish than Wilson in the short term, however, with a three-month price target of 3,600 for the S&P 500.
Jon Wolfenbarger thinks stock-market investors are still too optimistic that a bear market bottom is coming sometime in the immediate-to-near future. When bear markets occur when valuations are relatively high, the bear markets tend to drag on longer. The median bear market length during periods of high valuation among those listed above is 17 months, Wolfenbarger said, compared to 13 months when valuations are attractive. Given that the current market sell-off began amid some of the highest valuations in history, Wolfenbarger said he expects the bear market to last 17 months or longer. Wolfenbarger's views in contextIn June, Societe Generale conducted a similar analysis to Wolfenbarger's and looked at bear markets over the last 150 years.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFernandez: The Fed is telling us that while things are better, we're nowhere near where we want to beVictoria Fernandez of Crossmark Global Investments says the Fed likely isn't going to be happy with inflation at 5-6%, and will continue to push rates higher, which may lead to a shallow recession next year.
But according to Bill Smead, a 42-year market vet and the founder and CIO of Smead Capital Management, the group is still overvalued. Smead Capital Management"As you can see, it took years for the tech bubble stocks of 1999 to get interesting. Smead also included a chart on the average valuation of the top 100 tech stocks, which still shows historically elevated levels. Smead Capital Management"Hannibal Lecter said to Clarisse in the movie The Silence of the Lambs, 'Have the lambs stopped screaming?' Smead's views in contextSmead's view that tech stocks are overvalued is shared by some.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailIndividual components of inflation have not peaked yet, says Crossmark's Victoria FernandezVictoria Fernandez, chief market strategist at Crossmark Global Investments, and Lindsey Piegza, Stifel chief economist, and CNBC's Steve Liesman join 'Squawk Box' to react to October's softer-than-expected inflation report.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailI'm not convinced this fourth-quarter rally is over, says Crossmark's Bob DollBob Doll, Crossmark Global Investments CIO, joins 'Squawk on the Street' to discuss if this is still a bear market rally, her thoughts on inflation, and more.
Bitcoin prices are currently hovering around $16,500, down from a level of $20,000 just a week ago. Gold, like bitcoin, then surged in the latter part of 2020 as a sort of safe haven trade. Why buy gold or digital assets when the greenback is proving to be the king of currencies? Bitcoin prices have been notoriously volatile over the past few years, but they have still done better than many major stock market indexes. One venture capitalist who focuses on bitcoin and crypto assets agreed that FTX’s problems won’t derail the entire digital assets universe.
Amid a poor-return environment for the broader market, he shared what he's looking for in stocks. Stocks dropped quickly on Wednesday afternoon after the hike was announced and as Powell reiterated the FOMC's hawkish intentions. "We've had a nice little run here in the stock market — it's the third double-digit percentage gain since the bear market started," Doll said. 9 stocks Doll likes right nowWith Doll's outlook being that the broader market is doomed to a range-bound near-term future, he said he's focusing on so-called quality stocks — firms with quality income statements, balance sheets, and management teams. Doll also listed quality stocks in the health maintenance organization (HMO) space.
Two minute drill: MSFT, AAPL, MCD, KO & UPS
  + stars: | 2022-10-21 | by ( ) www.cnbc.com   time to read: 1 min
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailTwo minute drill: MSFT, AAPL, MCD, KO & UPSVictoria Fernandez, Crossmark Global Investments, joins ‘Closing Bell: Overtime’ to discuss some of her favorite picks: Microsoft, Apple, McDonald's, Coca Cola and UPS.
We expect a recession in Q1 2023, says Citi's Kristen Bitterly
  + stars: | 2022-10-14 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWe expect a recession in Q1 2023, says Citi's Kristen BitterlyVictoria Fernandez, chief market strategist at Crossmark Global Investments, and Kristen Bitterly, Citi Global Wealth Management’s head of North America investments, join CNBC's 'Squawk Box' to discuss markets ahead of the open.
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