We have increased our forecast for U.S. gross domestic product (GDP) due to prospects for...
LPL Research revises previous forecasts to better reflect the growing optimism of an economy on...
Developments in the economy and the fight against the virus are likely to provide the...
LPL Research explains why any upticks in inflation will ultimately prove transitory.
LPL Research discusses the end of the bear market and the trends of a bull...
LPL Research share their “Final Four Factors” for the stock market in 2021.
We favor stocks over bonds based on expectations for economic growth, a strong rebound in...
LPL Research discusses the impact rising rates may be having on stocks and how an...
The US economy may soon recover its lost output from 2020 and the backdrop for...
LPL Research reviews an incredible earnings season and speculates on a potentially strong earnings rebound...
LPL Research reviews the increasing popularity of sustainable investing and how it can be a...
LPL Research considers some unique income ideas for diversifying investor portfolios & potentially reducing interest...
We continue to favor stocks relative to bonds with upgraded expectations as economic strength continues...
The resiliency of the US economy continues to exceed expectations, supporting our increased forecast for...
The US economy continues to make steady progress in its recovery despite any short-term volatility.
US debt levels have soared during the pandemic, but the market is taking it in...
Small cap stocks have outperformed large cap stocks, suggesting the early stages of new economic...
Q4 2020 earnings season may be the last in this earnings recession, and earnings may...
We favor stocks over bonds based on expectations for a strong economic and earnings recovery...
LPL Research explores policy changes affecting the stock markets in 2021, including taxes, regulation, and...
The US economy has made tremendous progress in its recovery and is poised to continue...
LPL Research reviews 2020, the longest economic expansion and shortest recession on record, massive stimulus,...
LPL Research looks at what’s in store for the economy, global GDP, and small businesses...
LPL Research’s insights and guidance on investing in stocks and bonds in 2021.
2021 forecasts call for gains for stocks and low returns for bonds.
Power forward with LPL Research's market insights on 2021 post-election policy, the economy, stocks, and...
Take a look at what we can expect in the stock and bond markets, the...
Looking forward to a new year with insights on 2021 stocks and bonds, the economy,...
Increased COVID-19 cases do not appear to affect the stock market, but new restrictions may...
The S&P 500 is up, and small caps have soared. Sentiment could be getting a...
Corporate earnings are beating expectations and stocks may be in a new bull market.
Stocks fell for the second straight month in October as Election Day approached and brought...
What we can expect in the markets and economy under a Biden administration and split...
Equity returns have been strongest under a split Congress. What we can expect under a...
Choosing our next president may take longer this time, but temporary uncertainty at the polls...
GDP grew 33.1% annualized in the third quarter, the sharpest rebound in GDP since WWII.
As the race for the White House enters the homestretch, some indicators suggest the election...
Stocks were lifted by the stronger-than-expected economic rebound, as fiscal and monetary stimulus continued to...
Markets have come a long way since the March lows, and LPL Research sees further...
This earnings season, corporate America will get closer to the return of earnings growth—which is...
A global review of September performance and a look forward, with a focus on potential...
LPL Financial Research reviews how markets may respond to three potential scenarios if the presidential...
Signs of market and economic strength tell us that better times likely are coming in...
Despite weakness in the technology sector that has dragged the broader market lower, we expect...
Central bank policies remain focused on economic recovery, with an eye on COVID-19 developments.
Stocks have been on a wild ride in September so far. Where will they go...
Stocks continued their positive momentum with strong gains in August before volatility returned in early...
Top 10 questions investors are asking LPL Research, and the answers.
Going back to school signals changes for everyone, including COVID-19 preparedness, an election, and impressive...
We continue to believe the election remains a coin toss.
Potential market impact if former VP Joe Biden is elected president, including taxes, regulation, initiatives,...
Corporate America delivered on expectations during a second quarter earnings season that some are calling...
Stocks continued to rally in July despite elevated COVID-19 cases in many US states and...
Markets are looking forward to better days ahead.
The S&P 500 Index has moved into positive territory and some data appears good, while...
Stocks may be ready for a break, but it’s still possible gold and stocks could...
Stock market weakness late last week caused investors to ask whether the long-awaited market pullback...
It was the best quarter in more than 20 years for stocks as the economy...
This earnings season may be unpredictable and forgettable, but it may not be all bad....
Investment insights and market guidance through year-end 2020, plus election 2020 predictions.
Stocks continued their strong run in June, despite rising COVID-19 cases, and we upgraded our...
2020 is an election year, and as we get closer to November, we expect this...
Recent economic data has been better than expected, while a summer consolidation in the markets...
Although the US economic recovery has picked up and we expect yields to rise in...
LPL Research shares their latest thoughts on international equities and reiterate positive emerging markets view.
Stock market valuations have gotten more expensive because earnings have fallen, which may bring volatility...
Stocks rose for the seventh May in the past eight years.
LPL Research discusses whether the economic recovery may look more like a V-shape than a...
The stock market is forward-looking, and what it's seeing now provides hope for better things...
The rally continued as the S&P 500 Index closed out May on the positive side.
First quarter earnings season offered something for everyone.
In spite of COVID-19 and weak economic data, the S & P 500 Index has...
Stocks may have been due for a pullback after gains in late March through April...
Stocks have had a historic run amid increasingly negative headlines.
As May began, investors continued to try to reconcile the strong rebound in stocks with...
Signs of recovery and an economic rebound may be sparking the stock market to look...
Stocks bounced early the week of April 27, but limped to the finish.
Negative oil prices have dominated headlines recently.
Stocks moved lower on the week as volatility in theoil patch dominated headlines.
We've responded to COVID-19 with resolve and strength, and government and Federal Reserve responses have...
As earnings season begins, LPL Financial Research believe there will be winners and some challenges,...
Stocks posted solid gains for the week, on the heels of the largest weekly gain...
The longest-running bull market has come to an end.
We are now in recession, but it’s a very unique recession, and it may be...
Stocks rallied strongly over the holiday-shortened week.
We continue to follow our Road to Recovery Playbook to determine where we are in...
The current economic climate is unique in its causes, possible duration, and challenges, but it...
The war against the COVID-19 pandemic continues this week as the number of new cases...
Stocks pulled back this week and were unable to add to historic gains from the...
The COVID-19 impact has been devastating, but as the economy positions to recover, it could...
Stocks soared last week, working off historically oversold levels.
Stocks rebounded sharply this week even as the COVID-19 pandemic continues to spread rapidly in...
The COVID-19 pandemic is a test of our resolve, but our optimism for the near-term...
We are likely in recession now, though we won’t know that for sure until more...
Extreme volatility continued as the war against the coronavirus continues.
Maintaining a clear vision of long-term financial goals is a key to making it through...
The global pandemic of COVID-19 has sent world equity markets into bear market territory.
The longest bull market ever ended this week as the COVID‐19 (coronavirus) outbreak continued to...
COVID-19 and the end of the bull market are the focus of our new letter.
The COVID-19 outbreak roiled markets over the past two weeks, putting the S&P 500 into...
As the coronavirus continues to scare global markets, it would be easy forget that the...
LPL Research addresses investors' concerns regarding continued COVID-19 news and plunging oil prices and looks...
U.S. stocks ended the first week of March slightly higher, but the path to get...
Increased cases of the coronavirus, a large market sell-off, and an unscheduled rate cut by...
Stocks just suffered their worst week since the global financial crisis on coronavirus outbreak fears.
As the coronavirus spreads around the globe, markets have reacted with historic, but not unexpected,...
U.S. stocks suffered their worst weekly decline since the 2008–09 financial crisis as COVID-19 outbreak...
After several months of relative calm, the markets reacted to renewed fears from the coronavirus...
Corporate America impressed us this earnings season. Companies have done an admirable job growing profits,...
U.S. stocks fell during the holiday-shortened week as confirmed cases of cornoavirus continued to rise.
With the U.S.-China phase-one trade deal signed, the stage could be set for an economic...
U.S. stocks rose for the second straight week, setting more new record highs along with...
We highlight four main reasons why international equities’ performance could be poised to improve.
January data reflected continued, moderate growth in the U.S. economy as it battled geopolitical uncertainty...
U.S. stocks broke a two-week losing streak with their best weekly gain in eight months.
Even with some bumps in the road, we expect the economic expansion to continue through...
After a three-and-a-half-month, largely uninterrupted rally in stocks, the period of calm ended last week...
Wall Street has often called this the most hated bull market in history, and for...
U.S. stocks fell during the holiday-shortened week, with the S & P 500 notching its...
U.S. stocks fell for the second straight week, as the S & P 500 Index...
Earnings growth was largely absent in 2019, but we expect it to pick up in...
U.S. stocks rose again this week to fresh record highs, powering the S & P...
With stocks at our year-end fair value target, the magnitude of a potential stock market...
Third-quarter data showed the U.S. economy grew at an average pace for the economic expansion,...
We discuss what the conflict with the Middle East might mean for stocks and assess...
The U.S. economy wrapped up 2019 with a batch of generally promising data as U.S-China...
U.S. stocks weathered the Mideast conflict with the S & P 500 Index posting its...
2019 delivered a strong market performance, but we think additional market gains may be possible...
U.S. stocks ended a volatile, holiday-shortened week little changed, capping off a very strong 2019...
2019 was a difficult year to forecast after 2018 ended with the worst December since...
The S & P 500 Index gained for the 5th straight week, the Nasdaq Composite...
We expect stocks to appreciate in line with earnings growth next year, which justifies benchmark-like...
LPL Research offers its top picks in equity asset classes, sectors, and fixed income in...
U.S. stocks rose again this week, with the S & P 500 Index gaining for...
LPL Financial Research reviews the yield curve, bonds, Treasuries, and the state of fixed income...
Stocks rallied this week, and the 10-year U.S. Treasury yield climbed to a one-month high.
LPL Research’s Outlook 2020: Bringing Markets Into Focus offers investment insights, market guidance, views on...
U.S. economic growth has slowed in 2019. However, the economy is still growing, and we...
U.S. stocks eked out a small weekly gain, based on the S&P 500 Index, thanks...
Market momentum, global participation, and technical support all provide reasons to think gains may not...
U.S. stocks rose for the seventh time in eight weeks as investors took cues from...
While earnings declined year over year in the third quarter, results still exceeded expectations. Tariffs,...
U.S. stocks’ rally paused this week as investors processed another batch of trade headlines.
LPL Research continues to support a bullish bias toward stocks as we head into year-end...
We expect steady growth in the U.S. economy and corporate profits in 2020.
U.S. stocks rallied for the sixth consecutive week, notching new record highs along the way.
October economic data pointed to a slowing - but still growing - U.S. economy.
We expect a strong U.S. labor market and solid consumer spending to fend off a...
U.S. stocks rallied for the fifth consecutive week, notching new record highs along the way.
Stocks have hit new highs, and we see several reasons this bull market could continue...
The S&P 500 Index reached a fresh new high October 28, eclipsing the previous high...
U.S. stocks finally reached new highs in their fourth straight week of gains.
In the spirit of Halloween, we discuss some of the tricks and treats that might...
U.S. stocks gained for a third straight week, and the S&P 500 Index brushed record...
The stock market has started October on a bumpy path. Many global issues remain unresolved,...
U.S. stocks gained this week, making another run at all-time highs as investors watched global...
We have maintained our S&P 500 Index year-end fair value target of 3,000, even as...
Corporate earnings growth has ground to a halt, but we think better times lie ahead....
Stocks rallied on trade optimism late in the week, erasing the S&P 500 Index's 2%...
Continued economic growth and Fed rate cuts helped support stocks amid ongoing trade uncertainty.
Economic data improves in September.
Geopolitical matters1 have complicated the tug-of-war between fiscal2 and monetary3 policies and contributed to investor...
Stocks fell for a third straight week as investors gauged the health of the U.S....
October historically has been a volatile month but also the third strongest month of the...
Stocks searched for direction this week as investors digested news of political tensions and signs...
The U.S. economy continues to perform well when compared to the rest of the developed...
Since we began highlighting the return of fiscal leadership as a primary driver for economic...
Large cap equities outperformed small caps, while the growth style of investing modestly outpaced value
We have maintained our S&P 500 Index year-end fair value target of 3,000, even after...
There’s a growing pile of negative-yielding debt around the world amid extraordinary monetary policy initiatives.
Equities continued to rise this week, sending the S&P 500 Index back over the 3,000...
Equities investors endured another volatile week, book-ended by positive trade vibes Monday, August 19, only...
Equities rose during the holiday-shortened week as investors digested several geopolitical and trade headlines alongside...
U.S. economic data was mixed in August, reflecting the complicated macro economic environment in the...
We lowered our 2019 earnings growth forecast for the S&P 500 Index on August 19...
Fundamentals of the U.S. economy remain solid even as trade uncertainty weighs on investor sentiment.
We recently reduced our year-end forecast range for the 10-year U.S. Treasury yield from 2.5–2.75%...
We have lowered our projections for U.S. gross domestic product (GDP), the 10-year U.S. Treasury...
We have maintained our S&P 500 Index year-end fair value target of 3,000 despite our...
Recession fears from the yield curve inversion offset the boost from the tariff delay.
Stocks endured significant volatility last week but showed some resilience Wednesday, August 7.
Investors endured another volatile five-day stretch as the combination of trade uncertainty, plunging global bond...
Gross domestic product (GDP) increased 2.1% in the second quarter, bolstered by consumer spending’s 2.9%...
Last week’s stock market slide begs the question whether this August will fit its historical...
The Fed cut interest rates for the first time in 10 years
The Fed cut interest rates even though the economy is still growing, albeit slowly.
The Fed is expected to cut rates this week for the first time in 10...
The Federal Reserve (Fed) is likely to start an easing cycle this week, which has...
We're encouraged by the strength in consumer spending, but economic growth needs to be broader.
We are maintaining our year-end fair value target of 3,000 even though the index is...
Stock valuations remain favorable in our view, even with the S&P 500 Index near our...
Stocks Rise, Rates Fall as Investors Position for Lower Rates
We expect slightly positive earnings growth in the second quarter, with substantial drag from falling...
Financial markets are focused on U.S. monetary policy, but the Federal Reserve (Fed) is only...
U.S. economic data moderated in June as trade tensions plagued the global economy.
Labor market conditions rebounded last month from a disappointing May, easing market worries about the...
Even after such a strong first half of this year, we think stocks may have...
Trade tensions and market volatility couldn't stop the United States' record-setting economic expansion.
Fundamentals continue to support steady but moderate economic growth.
We expect stocks to move higher over the second half of the year.
We are pleased to announce the release of the LPL Research Midyear Outlook 2019: FUNDAMENTAL:...
The midyear report provides updated views of current fundamentals and factors that should persist as...
Slower but still solid economic growth and modest inflationary pressure may be headwinds for fixed...
The Federal Reserve is scheduled to announce its next policy decision June 19
Stocks have benefited recently from increasing hopes of a Fed rate cut, although investors probably...
U.S. economic data improved in May on balance, even as investors battled a resurgence in...
This economic expansion is now one of the longest on record.
Policy uncertainty remains high, particularly around trade.
Our June letter discusses the U.S.-China trade dispute, tariffs on Mexican imports, and the possible...
Our Five Forecasters are collectively indicating that further economic growth and stock market gains appear...
Our Five Forecasters collectively point to economic growth ahead.
Worrisome signals from the bond market contributed to stocks’ first monthly decline of 2019.
The bond market has been baffling recently.
It appears an earnings recession has been averted and better earnings days lie ahead, though...
Investors aren't quite out of the woods yet with trade tensions.
Lowered long-term muni view from Neutral/Positive to Neutral
Escalating U.S.-China trade tensions caused stocks to sell off more than 2% last week.
First quarter productivity rose at the fastest year-over-year pace since 2010.
Green shoots appeared in U.S. economic data as the economy entered the second quarter. Leading...
The May through October period has historically been the weakest six months for equities.
Markets are positioning for the first Fed rate cut in 10 years.
The economy is off to a strong start in 2019! Click Read More to find...
The S&P 500's new record high set last week ended a more than 7-month drought...
First quarter GDP growth was surprisingly strong.
U.S. stocks are sitting at the same levels they were seven months ago, but the...
Our Beige Book Barometer climbed from a seven-year low.
Lowered Stocks view from Neutral/Positive to Neutral; Lowered U.S. Equities view from Neutral/Positive to Neutral;...
U.S. economy sent mixed signals amid uncertainty.
After such a strong rally for stocks this year, you may be wondering what could...
Signs of slowing global growth have fueled worries of tepid domestic inflation.
U.S. economic data were mixed in March, although leading indicators signaled low odds of a...
We expect roughly flat earnings for the first quarter, putting the seven-quarter streak of growth...
Leading indicators in jobs, manufacturing, and markets suggest economic acceleration.
Our April letter comments on the S&P 500 Index’s strong first quarter and steady but...
This week we share our "Final Four Factors" for the stock market in 2019: 1-Policy,...
A rebound in global conditions, capital expenditures, and sentiment may help fuel growth.
Last week, the 10-year Treasury yield fell below the 3-month yield for the first time...
Following the stock market’s recent move higher, coupled with a slightly weaker economic and corporate...
No changes.
WEC Description: February’s job growth was disappointing, but it followed the biggest two-month gain since...
Small cap stocks have performed well so far in 2019; however, we believe the environment...
U.S. economic data were sound in February, even as confidence fell amid uncertainty from global...
Following such a strong rally since the December 24 lows, a pullback is reasonable to...
Our Beige Book Barometer has dropped to its lowest level since the 2011 European debt...
Please see our latest client letter, which discusses the bull market.
Slow (but steady) growth and accommodative policy have made this expansion especially durable.
Stocks may keep going higher, but the easy gains likely have been made.
We expect growth to stabilize as near-term headwinds subside.
Upgraded precious metals view to neutral from negative/neutral.
We’ve lowered our 2019 forecasts for Fed policy moves, GDP growth, and rates.
The market rally continues, with stocks off to their best year’s start since 1991.
Earnings growth for the fourth quarter is tracking to a solid 17%, above prior estimates...
Consumer confidence has dropped sharply, primarily from what we see as temporary factors.
January’s reports painted a picture of a solid economy struggling with global uncertainty.
The February client letter discusses positive developments in the economy and markets in January.
Stocks posted their best January in more than 30 years after a historically bad December.
The Federal Reserve (Fed) just delivered a widely expected but important monetary policy decision.
The Fed’s signals on future policy in this week’s meeting will be especially telling.
We expect the Fed to pause interest rate hikes this week.
Following last week’s rejection of Theresa May’s Brexit plan, we discuss what’s next for the...
The Beige Book Barometer dropped to a nine-month low.
Positions maintained (no changes); updates on LPL Research's views on equity, equity sectors, fixed income,...
S&P 500 earnings growth will slow in the fourth quarter but is still expected to...
We believe this government shutdown will have limited long-term ramifications for economic growth.
Stocks slide most since 2011, even amid solid economic data.
Economic trends generally improved in December, even amid some of the most significant financial market...
Our January Client Letter discusses the emotional toll of a challenging market environment, while reinforcing...
We still see a solid U.S. economy struggling with trade tensions, but far from recessionary...
This week, we look at stock valuations to try to gauge the potential opportunity for...
Increased uncertainty around policy risks has contributed to sharp market declines.
The S&P 500 Index came about as close as possible to the technical definition of...
Client letter sharing perspective and discussing guidance from Outlook 2019.
Downgraded small growth from neutral to negative/neutral; Downgraded small value from neutral/positive to neutral; Upgraded...
The Executive Summary highlights key themes and LPL Research economic and market forecasts from Outlook...
The LPL Research Outlook 2019: FUNDAMENTAL: How to Focus on What Really Matters in the...
The LPL Research team proudly presents the LPL Research Outlook 2019: FUNDAMENTAL: How to Focus...
Economic trends generally improved in November, even after strong gross domestic product (GDP) growth over...
We view last week’s market decline as a retest of the October–November lows.
Conflicting messages from government officials led investors to question initial trade-deal optimism.
We reflect on the 2018 markets and provide our expectations for 2019.
Fed fund futures are more dovish than the Fed’s dots, but the Fed is treading...
Last week’s stock market rally was driven by optimism (now clearly warranted) surrounding U.S.-China trade...
We expect robust capex growth to resume once U.S. businesses get more clarity around trade.
Third quarter earnings season was again very impressive, with S&P 500 Index earnings growing 28%...
Upgraded our view of mortgage-backed securities (MBS) from neutral to neutral/positive; Downgraded our view of...
We still believe trade’s economic impact will be limited, but the indirect consequences should be...
Getting past the midterm election removes uncertainty and enables investors to focus on fundamentals, which...
Overall, October’s economic reports reflected solid U.S. economic growth and manageable inflationary pressures.
When it comes to elections, the markets seem to seek clarity above all else; yet...
We believe wage growth (and labor costs) will remain manageable amid the Fed’s gradual approach...
Within the four-year presidential cycle, this quarter and the following two quarters next year are...
The S&P 500 fell about 4% last week amid a myriad of concerns, among them...
The U.S. economy likely grew at a moderate to strong pace in the third quarter.
As financial markets fluctuate, we encourage investors to focus on solid U.S. economic fundamentals.
With about one-fifth of third quarter earnings results in, the numbers have been solid thus...
Updates on LPL Research's views on equity, equity sectors, fixed income, and alternative asset classes.
Several new readings on inflation last week confirmed that price pressures remain manageable, supporting a...
We share our perspective on the sell-off and discuss where stocks may go from here.
This client letter addresses the recent market volatility. Although it can be difficult to experience...
Overall, economic reports released in September—mostly reflecting economic activity in August—indicated solid U.S. economic growth...
We expect global growth to slow in 2019 but remain strong enough to continue to...
U.S. economic and earnings growth continue to stand out globally and support our positive view...
In this latest client letter, we look back on the strong growth and stock gains...
We’ve just wrapped up the best quarter for the S&P 500 Index since the fourth...
While the Fed raised its policy rate last week, the more important meeting outcome was...
When the Dow hits a fresh record high after a long drought, as it did...
The Federal Reserve’s monetary policy meeting will be a focal point for markets this week.
Beige book suggests continued moderate economic growth.
Policy uncertainty surrounding the upcoming midterm elections may lead to an increase in near-term market...
Overall, economic reports released in August—mostly reflecting economic activity in July—indicated solid U.S. economic growth...
Strong manufacturing growth is a bellwether for overall economic health.
Sentiment on emerging markets (EM) is reaching levels consistent with a contrarian buy signal.
This Client Letter discusses recent positive indicators for U.S. economy and stocks, which we believe...
Signs of sustainable productivity growth are emerging, thanks to solid economic fundamentals and the tailwind...
S&P 500 GICS sectors will undergo a significant shift later this month with a big...
Recent Fed communication reinforced its view that gradual hikes were the appropriate response to a...
Second quarter earnings season was quite impressive, with S&P 500 Index earnings growing 25% year...
It has been a complicated year for emerging markets (EM).
We think emerging markets (EM) contagion fears resulting from the crisis in Turkey may be...
The bull market continues to defy the skeptics and is now nearing a major milestone.
As the U.S. economic recovery moves into its later stages, inflation has emerged at a...
Economic reports released in July 2018, largely reflecting economic activity in June, provided evidence of...
The Fed announced last Wednesday that it would keep interest rates unchanged, a decision that...
The Labor Department’s July jobs report, released on Friday, August 3, confirmed that the labor...
We share the most frequently asked questions from Focus 2018, on topics such as trade...
As we look back on the month of July, the standout stories for the summer...
The economy grew 4.1% in the second quarter, topping 4% for the first time since...
Active management may be poised for a comeback.
In testimony to Congress, Fed Chair Powell largely stuck to the script, saying little to...
The economy may have posted unusually strong growth of near 4% or more in the...
Consensus estimates are calling for a 21% year-over-year increase in S&P 500 earnings for the...
Downgraded large/small foreign equities to negative/neutral from neutral. Downgraded industrial metals to neutral from neutral/positive....
Rates may be poised to rise further in the second half of 2018, though likely...
The global growth story remains steady in 2018, with growth forecast at 3.8%.
The current environment looks favorable for strong earnings and stock gains.
The Executive Summary highlights key themes and LPL Research economic and market forecasts from Midyear...
The LPL Research Midyear Outlook 2018: The Plot Thickens provides insightful commentary to help you...
The LPL Research team proudly presents the Midyear Outlook 2018: The Plot Thickens, with investment...
"Economic reports released in June 2018, largely reflecting economic activity in May, showed continued solid...
Although we believe investors will be spared an all-out trade war, spreads across fixed income...
Trade tensions between the U.S. and China have escalated in the last month, but negotiation...
Escalating trade tensions have made for a difficult investing environment.
The BOJ meeting last week was a nonevent, as expected, but last week's Fed and...
Increased business capital expenditures, or “capex,” remain one of the most important pieces for improving...
Capital investment is accelerating, a trend we believe should continue.
Downgraded precious metals view to negative/neutral from neutral.
Investment-grade (IG) corporate bonds have been the worst-performing high-quality bond segment year to date.
The Fed is widely expected to raise rates for the second time this year at...
After the longest run of outperformance of growth stocks ever, we think value may be...
"Economic reports released in May 2018, largely reflecting economic activity in April, showed continued solid...
Overall, we think the global economic backdrop, particularly in the U.S., remains intact. Although the...
Market reaction to Italy’s political woes was swift and pronounced, but ultimately overdone.
When we compare Europe’s economic and corporate fundamentals with those in the U.S., even factoring...
The May jobs data were generally positive, and job growth may be accelerating after slowing...
Municipal bonds have outperformed broad high-quality fixed income since early 2017.
After a great start to 2018, we believe small caps’ strength to continue.
The Fed minutes’ emphasis on a symmetric inflation target reassured markets that the pace of...
Signs of emerging market debt (EMD) weakness have been evident since late April.
We continue to prefer emerging market (EM) equities in tactical asset allocations.
The U.S. dollar has staged a strong rally recently after significant weakness in 2017.
“Updates on LPL Research's views on equity, equity sectors, fixed income, and alternative asset classes.”
The 10-year Treasury yield recently crossed the psychologically important 3% level for the first time...
In this week’s commentary, we recap the outstanding near-complete first quarter earnings season, highlight some...
Consumers will feel the impact of higher oil prices, but the effect may be small...
"Economic reports released in April 2018, largely reflecting economic activity in March, showed continued solid...
China could sell its holdings of Treasuries, potentially leading to higher U.S. rates.
Economic data received over the first week of May indicated steady economic growth with only...
"May’s arrival has brought warmer weather to many parts of the U.S. (finally), but it...
The Bond Market Perspectives "Search for Income" is a quarterly guide to our top ideas...
"The economy posted solid first quarter growth of 2.3% in the face of seasonal headwinds."
We make the case that stock valuations are reasonable when considering interest rates and inflation.
The yield curve has continued to flatten; however, because rates are rising simultaneously, it is...
There are several market myths related to certain market indicators which have the tendency to...
"Based on our analysis, the Beige Book continues to deliver a positive view of the...
"Updates on LPL Research's views on equity, equity sectors, fixed income, and alternative asset classes."
“After a substantive increase in the first months of 2018, real yields have slowly declined,...
“The February 2018 market correction caught many investors off guard, but the longer-term trend remains...
"CPI and PPI moved higher in March, but inflation remains manageable."
"Despite last week's market weakness, we believe the economy remains on positive footing."
“Spreads across various sectors of fixed income are signaling that areas of recent stress are...
"Economic reports released in March 2018, largely reflecting economic activity in February, rebounded from subpar...
“We preview what we expect may be a very strong earnings season and highlight some...
"While the month of April has opened with some volatile market swings, we should remain...
“Despite a late-quarter rally, high-quality fixed income had a difficult start to 2018, but the...
"April will include several significant events that have the potential to be market movers."
“This week’s Weekly Market Commentary recaps first quarter stock market performance, discusses some of the...
“The spread between the three-month London Interbank Offering Rate (LIBOR) and the Overnight Indexed Swap...
“We share our “Final Four Factors” for the stock market in 2018: economic growth, earnings,...
"TBased on our analysis, the Beige Book continues to deliver a positive view of the...
"Although sometimes markets react negatively to rate hikes, these increases tend to signal the Fed’s...
“Short-term high-quality bond yields have continued to increase since the lows seen in July 2016,...
"The Fed’s overall assessment of the economy is expected to improve."
“In the spirit of March Madness, we have compiled our “Sweet 16” for the markets.”
"High yield has faced some headwinds thus far in 2018, but fundamentals remain solid."
"The February employment report crushed expectations for the number of jobs created (313,000 versus the...
“Our Five Forecasters are collectively indicating that further economic growth and stock market gains appear...
"Economic reports released in February 2018, largely reflecting economic activity in January, signaled continued steady...
"We believe the rise in rates over the last six months has the potential to...
"We believe any potential negative impact caused by the proposed tariffs in isolation will be...
“The bull market will celebrate its ninth birthday on March 9, 2018. This week, we...
"Treasury Inflation-Protected Securities (TIPS) are sought after when inflation is expected to rise."
"March brings several significant events that have the potential to be market movers."
“We have raised our 2018 S&P 500 EPS forecast from $147.50 to $152.50 and our...
"Many important economic reports were released last week and collectively they showed continued strength in...
“Are we out of the woods yet?”
"Yield curve positioning and proper diversification remain prudent strategies to manage interest rate risk."
The Search for Income publication is a quarterly guide to our top ideas for income-producing...
“Upgraded industrial metals view from neutral to neutral/positive.”
"With rising rates making high-quality fixed income more attractive, many fixed income investors may be...
“After an extraordinary two-year period of market calm, the major U.S. equity markets slipped into...
"Low overall inflation again carried over to common Valentine’s Day gifts in 2017, with prices...
"January 2018 saw December’s trend of above-consensus economic reports taper off, though the data suggests...
"Yields have started 2018 off on a volatile note, which has been somewhat painful and...
"Although it can be difficult to experience these declines, the underlying fundamentals of the economy...
“Friday’s sharp stock market decline might have led us to forget that just a few...
"The latest data on GDP, inflation, and the job market continue to paint a positive...
“Jerome Powell will take over as Fed chair on February 3 and may continue the...
“The recent lack of volatility in the U.S. stock market has been historic on many...
"The Beige Book suggests continued moderate economic growth."
"Treasury yields have seen a significant increase since early September 2017, but credit markets aren’t...
“We expect a solid fourth quarter earnings season and believe a 14–16% year-over-year increase in...
“2017 was an excellent year for international equities, particularly EM.”
"Dollar weakness in 2017 helped propel unhedged foreign developed bonds and U.S. dollar-denominated EMD to...
"Global economic growth was stronger than expected in 2017, and we anticipate moderate acceleration in 2018."
"Data point to a U.S. economy that has picked up some speed."
"Economic reports released in December 2017, which mostly reflect economic activity in November, largely exceeded...
"We look back at U.S. fixed income performance in 2017, while exploring what themes may...
“We close the book on a solid 2017 for U.S. stocks while tipping our caps...
“This week, we provide an overview of a solid 2017 for the economy.”
“The new law is intended to boost economic activity and simplify the U.S. tax code.”
"The new law is intended to boost economic activity and simplify the U.S. tax code."
