Doll’s Deliberations

From the mind of industry veteran Bob Doll comes Doll's Deliberations®, a weekly investment commentary.

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Commentary

Vicious Rotation Within the Stock Market Accelerates

Doll’s Deliberations

Vicious Rotation Within the Stock Market Accelerates

Momentum took a hit this week, with semiconductors, memory, and AI infrastructure names leading the pullback. Yet beneath the volatility, the broader picture looks intact. Bob covers what’s driving markets and what to watch next.

07/20/2026

Degrees of Freedom Continue to Be Reduced

Doll’s Deliberations

Degrees of Freedom Continue to Be Reduced

Cracks in the global tech stock boom have widened slightly of late. Will it dent investors’ overall enthusiasm to own equities? Or will higher bond yields materialize and put assets with stretched valuations at risk? Bob Doll puts it all together.

07/13/2026

Bob Doll’s Quarterly Investment Commentary 3Q26

Market Insights, Thought Leadership, Doll’s Deliberations

Bob Doll’s Quarterly Investment Commentary 3Q26

In this quarterly investment commentary, Bob Doll takes a look at headline risks and what’s behind them, including inflation, Fed policy, corporate earnings, and the continuing impact of the Middle East war. He also updates his 10 Predictions for 2026. Read the full story.

07/06/2026

War MOU Needs Work; Fed Sends Yellow Light

Doll’s Deliberations

War MOU Needs Work; Fed Sends Yellow Light

A deal to extend the ceasefire in the Middle East has finally been agreed, allowing energy prices to decline further and risk-asset markets to resume their pre-war bull run. But should investors expect setbacks ahead? Get Bob’s analysis.

06/22/2026

Tech Stock Oversupply? Strait to Reopen? Profit Growth to Stay Strong?

Doll’s Deliberations

Tech Stock Oversupply? Strait to Reopen? Profit Growth to Stay Strong?

A huge increase of new U.S. equity supply, via massive new U.S. tech stock IPOs, is primed to hit the stock market, raising the issue of whether this could trigger a bout of indigestion. The timing is critical. Get Bob’s view.

06/15/2026

Expectations Remain High

Doll’s Deliberations

Expectations Remain High

Investors remain upbeat about the capital market outlook, assuming that the Strait of Hormuz will soon reopen and the global economic expansion will continue. Is current investor exuberance overdone?

06/08/2026

Markets Continue to Focus on the Positives

Doll’s Deliberations

Markets Continue to Focus on the Positives

The tight correlation between oil prices and global financial asset markets continues, subject to the ever-changing odds of a deal to re-open the Strait of Hormuz. Is it time for a risk-off phase? Bob shares what signals he’s watching.

06/01/2026

Can High Bond Yields & High Stock Prices Coexist?

Doll’s Deliberations

Can High Bond Yields & High Stock Prices Coexist?

Tension is growing between rising bond yields and resilient equity markets. With inflation pressures firming, Treasury yields moving higher, credit spreads near recent tights, and market breadth narrowing, Bob discusses what higher rates, strong corporate earnings, energy-market uncertainty, and accommodative monetary conditions could mean for markets.

05/26/2026

Both Stocks & Oil Prices Remain Resilient

Doll’s Deliberations

Both Stocks & Oil Prices Remain Resilient

Investors are nervous as the Strait of Hormuz remains closed and oil prices edged higher last week. Financial markets have so far mostly absorbed the energy shock, but sentiment could quickly sour if the shock persists into June. Read Bob’s full rundown.

05/18/2026

Oil & War Crosscurrents Continue Even as Earnings Shine

Doll’s Deliberations

Oil & War Crosscurrents Continue Even as Earnings Shine

This week, Bob examines the crosscurrents of oil prices, Middle East uncertainty, and strong corporate earnings. While investor sentiment has turned more hopeful, the key question is whether the global expansion can continue to withstand war-related energy shocks and sticky inflation.

05/11/2026