Outlook and strategy with the market-beating portfolio manager and widely followed investment strategist, Bob Doll.
WEALTHTRACK Episode #1513; Originally Broadcast on September 14, 2018
Listen to the audio only version here:
Explore This Episode
We have compiled additional information and content related to this episode.
- Chief Equity Strategist,
- Nuveen Asset Management
[tab]Have we experienced the longest bull market in U.S. history? That’s what recent headlines would have you believe.
Since hitting its low of 666 in March of 2009 it has been a long ride to new highs, but there have also been several angina inducing declines along the way. There was a 16% slide early on in 2010, a more dramatic sell-off in 2011 when the market tumbled almost 20%, which is the official definition of a bear market…and there was a 14% decline in 2015.
Perhaps these explain why this has been called the least believed bull market in U.S. history. Many investors simply did not experience the bull in the market. And according to one prominent technical analyst neither did the vast majority of stocks and other markets.
In a recent report, “Taking Exception to the Longest Bull Market Story”, Strategas Research Partner’sChief Market Technician Chris Verrone noted that 72% of S&P 500 stocks declined 20% or more in the 2011 market sell-off, and 63% fell 20% or more in the 2015 one.
Other major market indexes experienced serious bear markets as well. The Russell 2000, considered to be the benchmark for small-cap stocks plummeted 30% in 2011 and 27% in 2015. And from mid-2014 to mid-2016 the majority of global equity markets endured severe drawdowns. The Shanghai Composite was off 49%, emerging markets as a whole were down 38% and the Eurostoxx 600 suffered a 27% decline.
Verrone’s point is there are several ways to measure the length of bull markets and looking at the experience of most stocks this one could be much younger and more questionable than it first appears.
This week’s guest will share his thoughts on the S&P’s bull market run. We’ll be joined by Bob Doll, a veteran strategist, market-beating money manager and an early and regular guest on WEALTHTRACK. Doll is Chief Equity Strategist and Senior Portfolio Manager at Nuveen, the asset management division of parent company TIAA, which has $950 billion in assets under management.
Doll is known for his weekly market commentaryand his popular Annual 10 Market Predictions, but he is also a successful long time, hands on money manager overseeing 5 different large cap strategies: the traditional core, growth and value, plus two alternative equity strategies: long/short and market neutral.
His flagship Nuveen Large Cap Core fund is rated 5-star by Morningstar and is in the top 2% of its large blend category, having beaten the S&P 500 and its peers over the last 5 years. And his Nuveen Equity Long-Short fund and Equity Market Neutralfunds are also rated 5-star.
As always, Doll will share his one investment idea for a long-term diversified portfolio. Plus, in our online exclusive EXTRA feature he’ll explain how he has developed the ability to successfully execute many jobs simultaneously and be cheerful and energetic while doing so!
Thank you for watching. Have a great weekend and make the week ahead a profitable and productive one.
IGNORE POLITICS AND FOCUS ON THE INVESTMENT FUNDAMENTALS
- EARNINGS MATTER
- INTEREST RATES
No Bookshelf titles this week.
Supplement Your Equity Position With An Equity Market Neutral Fund
No stock mentions in this episode.[/tab]
[tab]Bob Doll from the WEALTHTRACK archives:
If the archive episodes do not appear here, please turn off, or whitelist this site, in your ad blocker extension.
Longtime portfolio manager and strategist Bob Doll has always inspired me with his work ethic, ability to successfully execute many jobs simultaneously and being cheerful and energetic while doing so. He and his wife have been deeply and actively involved in supporting and protecting Christians all over the world, including some of the world’s most dangerous places. He discusses his guiding principles.