LPL Financial Research

The Bulls Are Back In Town?

Friday, August 12, 2022 The latest weekly data from the American Association of Individual Investors (AAII) showed a continued increase in the percentage of individual investors who are bullish about short-term market expectations (32.2%), and a continued reduction in the … Continue reading

10 Things Investors Should Know About the U.S. Dollar

Thursday, August 11, 2022 The U.S. dollar is getting a lot of attention these days. It’s up about 10% year to date, which is a big move for currencies. The dollar matters for a number of reasons and we would … Continue reading

Too Good to be True?

Wednesday, August 10, 2022 Headline CPI eased in July to 8.5% year-over-year from 9.1% in June. Still above the Federal Reserve’s (Fed) long-run target rate, the annual rate of inflation seems to be cooling. As shown in the LPL Chart … Continue reading

Is All The Bad News Priced Into Emerging Market Debt?

Tuesday, August 9, 2022 Like most other fixed income markets, the emerging market debt (EMD) indexes are off to one of their worst starts to a year with the Bloomberg EM USD Aggregate index down close to 15% (through Aug … Continue reading

English Premier League Soccer Kickoff: Do Stocks Cheer Red Or Blue?

August 8, 2022 The most watched, and arguably the most exciting, soccer league in the world kicked off this weekend across the pond: the English Premier League (EPL). It’s set to be an enthralling season for the many EPL fans … Continue reading

July Market Insights – Markets Rebound In Strong Start Second Half

Monday, August 8, 2022 Index Performance View enlarged chart. Indexes are unmanaged and cannot be directly invested into Prior performance is no guarantee of future results U.S. Equities Higher The major market indexes finished the month well into the green. … Continue reading

Weekly Market Performance – Market Mixed Amid Hot Jobs Report

Friday, August 5, 2022 Index Performance Indexes are unmanaged and cannot be invested into View enlarged chart. U.S. and International Equities U.S. Markets Finish Mixed The major U.S. market indexes finished mixed this week as growth names outperformed value. Second … Continue reading

No Recession Here

Friday, August 5, 2022 The economy added 528,000 payroll jobs in July after a solid gain in June and May. The strong gains in the job market last month should further cement the claim that the U.S. is currently not … Continue reading

Softening Emerging Markets Outlook

Thursday, August 4, 2022 Prospects for a burst of growth in China once the reopening occurs has been a tempting investment thesis for emerging markets (EM) as much of the rest of the world has already reopened. But as we … Continue reading

FOCUS 2022 FAQs – Part 2: Markets

Wednesday, August 3, 2022 LPL Financial held its FOCUS conference at the Colorado convention center in Denver, CO from July 24-27 for over 4 thousand financial advisors. Today we bring you the second part of the most frequently asked questions … Continue reading

FOCUS 2022 FAQs – Part 1: Economics

Tuesday, August 2, 2022 LPL Financial held its FOCUS conference at the Colorado convention center in Denver, CO from July 24-27. LPL Research was proud to be part of this annual event that allows thousands of LPL’s financial advisors to … Continue reading

Weekly Market Performance – Market Strength Continues Amid Favorable Earnings

Friday, July 29, 2022 Index Performance View enlarged chart. U.S. and International Equities U.S. Markets Finish Higher The major U.S. market indexes finished higher this week as growth and value names witnessed solid gains. The latest batch of second quarter … Continue reading

Are We In A Recession Yet?

Friday, July 29, 2022 What Does A Recession Look Like? What necessary ingredients do we need to bake up a recession? The National Bureau of Economic Research (NBER) looks for economic declines that are significant, broad-based, and persistent. Or, to … Continue reading

Federal Reserve Meeting Recap: A Slower Pace Going Forward?

Thursday, July 28, 2022 The Federal Reserve (Fed) ended its two-day Federal Open Market Committee (FOMC) meeting yesterday and the outcome was broadly in line with market expectations. As expected, the Committee raised short-term interest rates by 75 basis points … Continue reading

What the Last 10 Years Can Tell Us About the Next 10

Wednesday, July 27, 2022 Investors love to chase returns. In the near term it can potentially be a successful strategy that has some strong academic and industry research behind it. But nothing lasts forever and markets move in cycles. One … Continue reading

What Could Fixed Income Investors Expect The Rest Of The Year?

Tuesday, July 26, 2022 In this year’s midyear outlook, entitled Navigating Turbulence, the LPL Research team outlines the reasons why the second half of the year is likely to experience better investment returns across both equity and fixed income markets. … Continue reading

Weekly Market Performance – Markets Strong Amid Inflation Peak Narrative

Friday, July 22, 2022 Index Performance View enlarged chart. U.S. and International Equities U.S. Markets Finish Higher The U.S. major market indexes finished higher this week as growth names outperformed value given solid gains from the growth-heavy consumer discretionary and … Continue reading

A Surprisingly Good Sign for Housing

Friday, July 22, 2022 From Heavy Highway Congestion to Eerily Empty Roadways Not to play up too much on the data from the National Association of Home Builders (NAHB) but the NAHB gives insights on the traffic of prospective buyers, … Continue reading

Earnings Bull vs. Bear Case

Thursday, July 21, 2022 With earnings season underway, in addition to following beats, misses, and growth rates as second quarter reports stream in, we are also assessing the potential future path of earnings. That’s tricky right now given the uncertainty. … Continue reading

Best Day for Breadth in Over 3 Years

Wednesday, July 20, 2022 As the bear market continues on, investors are anxiously awaiting an answer to the most critical question: is it over? It isn’t unreasonable to ask, as the S&P 500 is actually higher by about 6% since … Continue reading

Are Mortgage-Backed Securities Poised to Outperform?

Tuesday, July 19, 2022 Fixed income markets have been hit hard this year by changing monetary expectations due to stubbornly high inflationary pressures. For investors allocated to a core bond strategy (as defined by the Bloomberg Aggregate index), returns have … Continue reading

Weekly Market Performance – Markets Pullback Amid Sticky Inflation Report

Friday, July 15, 2022 Index Performance View enlarged chart. U.S. and International Equities U.S. Markets Finish Higher The U.S. major market indexes finished lower amid this week’s sharp inflation report.  Inflation and Federal Reserve (Fed) policy remain the major themes … Continue reading

Are Supply Constraints Becoming Less of an Influence?

Friday, July 15, 2022 Supply-Driven Contributions to Inflation You have heard it here many times that the current inflationary environment has been irritated by supply-related problems with ports, international manufacturing shutdowns, and global shipping as primary challenges. And indeed, these … Continue reading

Is There Any Value Left in TIPS?

July 12, 2022 The consumer price index (CPI) is scheduled to be released on Wednesday and it is widely expected that the headline inflation number will again resemble consumer price increases last seen in the early ‘80s. Currently, consensus expectations … Continue reading

June Market Insights – Markets Struggle As the Bear Growls

Monday, July 11, 2022 Index Performance View enlarged chart. U.S. and International Equities Lower The major market indexes finished the month in the red as sticky inflation conditions weighed on last month’s market returns as the Federal Reserve (Fed) increased … Continue reading

Weekly Market Performance – Markets Start the Second Half On a High Note

Friday, July 8, 2022 Index Performance View enlarged chart.  U.S. and International Equities U.S. Markets Finish Higher The U.S. major market indexes finished higher to begin the second half of 2022 as large technology names provide leadership.  As inflation and … Continue reading

Can We Get a Goldilocks Scenario?

Friday, July 8, 2022 Broad-Based Job Gains Keep Recession Away The U.S. added 372,000 jobs in June, at just a slightly lower clip from May, while the unemployment rate remained unchanged at 3.6%. The participation rate dipped to 62.2% in … Continue reading

Reasons for Optimism As Second Half Gets Underway

Thursday, July 7, 2022 It’s a bull market for pessimism right now. We know the list of concerns is long and includes an aggressive Federal Reserve with a spotty (and that’s putting it kindly) track record of navigating a soft … Continue reading

What Happens After a Historically Weak Quarter for Stocks and Bonds

Wednesday, July 6, 2022 A historically weak quarter, six months, and year for stocks, bonds, and the two combined is now behind us. With stocks and bonds both showing weakness, not surprisingly a 60/40 balanced portfolio that combines the two … Continue reading

Is the U.S. Treasury Market Showing Signs of Cracking?

Tuesday, July 5, 2022 The U.S. Treasury market is arguably the most important market in the world. Not only does the market provide the financing of the federal government, it also provides a safe and liquid asset to support the … Continue reading

Weekly Market Performance – Markets Selloff As We Conclude the First Half of 2022

Friday, July 1, 2022 Index Performance View enlarged chart. U.S. and International Equities U.S. Markets Finish Lower The U.S. major market indexes finished lower to end the first half of 2022.  Investors continue to remain concerned about the possibility of … Continue reading

Could Inflation Be Entering A New World Order?

Friday, July 1, 2022 Goods versus Services Before we think about the new world order that global inflation may enter, let’s start with the good news within the United States. The Federal Reserve’s (Fed) preferred measure of inflation, the core … Continue reading

Central Bank Policy Expectations Continue to Pressure Global Yields. Is the End in Sight?

Thursday, June 30, 2022 Central bankers from the European Central Bank (ECB), Bank of England (BOE) and the Federal Reserve (Fed) met this week in Sintra, Portugal at the ECB’s annual conference to discuss strategies to arrest stubbornly high consumer … Continue reading

Has High Yield Credit Been Resilient in 2022?

  Tuesday, June 28, 2022 Fixed income’s negative returns have been historic so far in 2022, with the U.S. Aggregate index down roughly 11%. No fixed income sector has been immune to hot inflation prints and rising rates (e.g., 10-year … Continue reading

Was that the Bear Market Low (Part 2)?

Monday, June 27, 2022 With the S&P 500 moving into a bear market and the first half of the year since shaping up as one of the worst ever, many investors are wondering if we have yet seen the bear … Continue reading

Weekly Market Performance – Markets Rally From Oversold Conditions

Friday, June 24, 2022 Index Performance View enlarged chart. U.S. and International Equities U.S. Markets Finish Higher The U.S. major market indexes finished higher, reversing three straight weeks of losses. Even as investors remain concerned about the possibility of a … Continue reading

Are Commodities Cracking?

Thursday, June 23, 2022 As both consumers and the Federal Reserve battle persistent, rising inflation, one of the most prominent inflationary tailwinds has been broad based commodity price increases. But could that tailwind to inflation be turning into a headwind? … Continue reading

3 Reasons It Is So Bad It is Good

Wednesday, June 22, 2022 Summer is finally here, but 2022 is still shaping up to be one of the worst years for investors ever. That’s the bad news, the good news is the year isn’t over yet and here are … Continue reading

Weekly Market Performance – Markets Pullback Amid This Week’s Fed Decision

Friday, June 17, 2022 Index Performance View enlarged chart.  U.S. and International Equities U.S. Markets Finish Lower The U.S. major market indexes finished lower for the third straight week.  This week’s hawkish stance taken by central banks globally challenged market … Continue reading

Higher Rates Break Homebuilder Stocks

  Friday, June 17, 2022 Undoubtedly the most important story of the past week is the historic move in interest rates. While this is a trend that has been firmly in place for months, it has accelerated even more following … Continue reading

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