ALTERNATIVE STRATEGIES TO MAKE MONEY IN DOWN MARKETS: WHAT’S BOB DOLL DOING?

September 13, 2019

One dominant market observation of the last decade has been that we have been experiencing the least believed bull market in history.
As of August of 2018 the market’s advance, in large-cap stocks at least, had indeed become the longest bull market in history.
But the experience of investors has been anything but a straight shot. If you look at indexes outside the largest U.S. company stocks it has been a much more perilous ride with several major corrections along the way.

The Russell 2000, which is used as a proxy for small company stocks is a case in point. It has experienced three major reversals in the last decade.
This week’s guest operates in the sweet spot of the current market, large-company stocks, but he is advising caution to his clients. He is widely followed market strategist and successful investor, Robert Doll, senior portfolio manager and chief equity strategist at Nuveen. Doll is famous for his frequently accurate list of 10 annual predictions forecasting the market, economic, interest rate, and political trends among others
With the economic recovery now the longest on record and slowing, how worried is he about a recession?

WEALTHTRACK Episode #1611; Originally Broadcast on September 13, 2019

Listen to the audio only version here:

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How to explain the massive global outperformance of U.S. companies’ profitability and stocks over the last decade? GMO’s Head of Asset Allocation, Ben Inker dug deep and found some surprising answers in his “2Q 2019 GMO Quarterly Letter.” Read it now.


NUVEEN’S VETERAN CHIEF EQUITY STRATEGIST BOB DOLL SHARES HIS VIEWS ON THE MARKETS AND STRATEGY

Outlook and strategy with the market-beating portfolio manager and widely followed investment strategist, Bob Doll.

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ROBERT DOLL

  • Senior Portfolio Manager, Chief Equity Strategist ,
  • Nuveen
Consuelo Mack

Before we dive into this week’s program, I want to pay tribute to T. Boone Pickens who died this week at the age of 91. Boone was a force of nature, focused, energetic, entrepreneurial and financially creative with an outsized personality and disarming folksy manner whom I interviewed numerous times over the years in his ever-evolving roles as a natural gas producer, hostile takeover pioneer, shareholder rights activist, or greenmailer, or corporate raider depending upon your point of view. He later became a proponent of U.S. energy independence advocating the use of clean energy, with giant wind farms in the Texas Panhandle.  He also was a generous philanthropist. The world was a much more interesting place with T. Boone Pickens in it. I am sure heaven will be too, once he makes a deal to get in. RIP

One dominant market observation of the last decade has been that we have been experiencing the least believed bull market in history. As of August of 2018 the market’s advance, in large-cap stocks at least, had indeed become the longest bull market in history. But the experience of investors has been anything but a straight shot. If you look at indexes outside the largest U.S. company stocks it has been a much more perilous ride with several major corrections along the way. The Russell 2000, which is used as a proxy for small company stocks is a case in point. It has experienced three major reversals in the last decade.

This week’s guest operates in the sweet spot of the current market, large-company stocks, but he is advising caution to his clients. He is widely followed market strategist and successful investor, Robert Doll, Senior Portfolio Manager, and Chief Equity Strategist at Nuveen. Doll is famous for his frequently accurate list of 10 annual predictions forecasting the market, economic, interest rate, and political trends among others. A brave exercise for anyone!

He is also a long-time money manager. He has run three different large-cap strategies for years, Large Cap Core, Value and Growth which are available as Nuveen mutual funds.  And for almost seven years he has managed two alternative strategies, also available as funds, Nuveen Equity Market Neutral, and Nuveen Equity Long/Short.  Rated four-star and five-star respectively by Morningstar, they have both beaten their category.

Among the topics we will cover are why Doll is not worried about a recession any time soon, why he is underweight big tech and hedging his market risk with alternative strategies, which he will describe.

If you are unable to join us for the show on television, you can watch it on our website over the weekend.  If you would prefer to take WEALTHTRACK with you on your commute or travels, you can find the WEALTHTRACK podcast on TuneInStitcher, and SoundCloud, as well as iTunes and Spotify. In this week’s web EXTRA feature, Doll recommends leadership lessons from an Old Testament giant.

If you haven’t had a chance to do so, we would very much appreciate if you could participate in the anonymous survey that you’ll find on the website, too.

Thank you for watching.  Have a lovely weekend and make the week ahead a profitable and a productive one.

Best regards,

Consuelo Mathews Asia

LOOK INTO SOME BASIC HEDGING STRATEGIES TO CUSHION YOU FROM MARKET DECLINES:

  • Market Neutral Funds
  • – Vanguard Market Neutral fund, Morningstar Silver Medalist
  • Cash & Cash Equivalents including U.S. Treasury Bills
  • Gold
  • Non-Correlated to Stock Market
  • Provide Protection when markets get hit

POSITIVE RETURN POTENTIAL

  • Own an equity market neutral fund
  • Preparation for flat to down markets and a future recession
  • Objective to deliver positive returns
No stock mentions in this episode.
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Bob Doll from the WEALTHTRACK Archives:

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BIBLICAL LEADERSHIP

Influential strategist Bob Doll recommends leadership lessons from an Old Testament giant.

David A Man Of Passion And Destiny


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