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Bob Doll, Crossmark World Investments chief funding officer, expressed some doubt this week that the proper financial, company and market situations will align to help the current enchancment of inventory valuations.
Doll is watching a number of developments to gauge what could occur subsequent within the monetary markets.
Final month, updating his 10 predictions for this yr, Doll famous that varied optimistic and probably destructive drivers might affect a market that he mentioned was in a “high-risk bull part.”
Among the many doable upsides, he cited buyers’ worry of lacking out, first rate second-quarter earnings, improved inflation and huge stashes of money now sitting on the sidelines.
The potential dangers included lingering results from the Federal Reserve’s aggressive price hikes, cussed core inflation and excessive inventory valuations.
A number of of those points stay on Doll’s radar.
In his word this week, Doll mentioned wage traits are nicely above ranges seen in a long time and predicted the labor market will keep tight.
He defined that the United Auto Employees union is looking for a direct 20% wage enhance in contract talks. Although unionized employees comprise a small share of the labor power, their contracts can affect non-union wages, Doll mentioned.
Right here’s a have a look at some key traits he’s monitoring, which have been outlined in his weekly “Doll’s Deliberations” report launched Monday.
Pictured: Bob Doll; credit score: Bloomberg
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