LPL Financial Research

Weekly Market Performance – Small Caps And Energy Power This Week’s Results

Market Blog Friday, September 24, 2021 Index Performance View enlarged chart. U.S. and International Equities Major U.S. Markets Finished higher while International Markets Selloff The major markets finished the week higher, with the Dow Jones Industrials leading the averages. Moreover, … Continue reading

Leading Indicators Show Optimism For Domestic Economy

Economic Blog   Friday, September 24, 2021 On Thursday, September 23, the Conference Board released its August 2021 report detailing the latest reading for the Leading Economic Index (LEI), a composite of ten data series that tend to lead changes … Continue reading

Federal Reserve Meeting Recap

Economic Blog Thursday, September 23, 2021 The Federal Reserve (Fed) ended its two-day Federal Open Market Committee (FOMC) meeting yesterday and, as expected, there were no changes to current interest rate or bond purchasing policies. However, the Fed continues to … Continue reading

LPL Market Signals: Another Lehman Brothers Moment?

Market Blog Wednesday, September 22, 2021 Few had even heard of distressed Chinese property development giant Evergrande a week ago and now it’s the biggest headline for markets. This week in the latest LPL Market Signals podcast, Ryan Detrick and … Continue reading

There Goes the 50-Day Moving Average

Market Blog Tuesday, September 21, 2021 Well that was fun while it lasted. Yesterday, the S&P 500 closed below its 50-day moving average for the second consecutive day, breaking a streak that had held for the duration of 2021 and … Continue reading

Weekly Market Performance – Markets Pull Back For Second Straight Week

Market Blog Friday, September 17, 2021 Index Performance View enlarged chart. U.S. and International Equities Major Markets Finish Lower Amid Delta and Earnings Growth Concerns The major markets finished lower for a second straight week. Friday’s quadruple witching where individual … Continue reading

Why Evergrande Isn’t The Next Lehman

Market Blog Friday, September 17, 2021 Chinese property developer Evergrande’s liquidity crisis has sparked fear and massive selling in Chinese property stocks over the past several weeks. The big question is could this be the first domino to fall, sparking … Continue reading

Retail Sales Surprise To The Upside

Economic Blog Thursday, September 16, 2021 U.S. consumers shocked economists in August with their willingness to spend in the face of recent jitters over the economic outlook. This morning, the U.S. Census Bureau released August retail sales data showing overall … Continue reading

Corporate Debt Issuance Continues Unabated

Market Blog Wednesday, September 15, 2021 With summer (un)officially over, investment-grade corporate bond sales are ramping up again. Despite a four-day week last week, thirty-eight investment-grade companies sold $60.5 billion in the first two sessions, breaking a record for the … Continue reading

Inflation Shows Signs Of Moderating

Economic Blog Tuesday, September 14, 2021 After a crazy summer of nosebleed inflation readings, we may finally be starting to see signs of transitory inflation. The Bureau of Labor Statistics released the August Consumer Price Index (CPI) data this morning, … Continue reading

Weekly Market Performance – Markets Down Modestly As Worries Grow

Market Blog Friday, September 10, 2021 Index Performance    U.S. and International Equities Major Indices Show Modest Weekly Declines as Delta Worries Mount All major markets finished lower as the investor concerns over the Delta variant, Federal Reserve (Fed) tapering, … Continue reading

The Most Important (Technical) Chart in the World

Market Blog Friday, September 10, 2021 Fun Fact Friday: The Dow Jones Transportation Average is actually the oldest US stock market index in existence, even older than the more-popular Dow Jones Industrial Average. Charles Dow developed the index, originally called … Continue reading

Main Street Sentiment Remains Strong Despite Risks from Speedy Recovery

Economic Blog Thursday, September 9, 2021 According to LPL Research’s analysis of the Federal Reserve’s (Fed) recently released Beige Book, business sentiment on Main Street has declined in recent months as the economy navigates the latest wave of COVID-19, but … Continue reading

What Could Happen The Rest of the Year to Stocks and Bonds?

Market Blog Wednesday, September 8, 2021 This week in the latest LPL Market Signals podcast, Ryan Detrick and Lawrence Gillum discussed global central bank policy, recently weakening economic data, and where stocks and bonds could go the remainder of this … Continue reading

Global Monetary Policy and What Likely Comes Next

Market Blog Tuesday, September 7, 2021 The Covid-19 pandemic was an unprecedented shock to a large majority of global economies. But the economic damage was met with an extraordinary global monetary response with the Federal Reserve (Fed), European Central Bank … Continue reading

Weekly Market Performance – Markets Stout Amid Weak Jobs Report

Market Blog Friday, September 3, 2021 Index Performance (as of 12:50 PM ET) View enlarged chart. U.S. and International Equities Emerging Markets Rebound The major markets finished mostly higher building on last week’s gains. Emerging markets, as represented by the … Continue reading

August Payrolls Disappoint

Economic Blog Friday, September 3, 2021 It seems to be two steps forward, one step back for the U.S. labor market. The U.S. Bureau of Labor Statistics released its August employment report this morning, revealing that the domestic economy added … Continue reading

Accelerating Manufacturing Shows Economy’s Resiliency

Market Blog Thursday, September 2, 2021 The Institute for Supply Management’s reading on U.S. manufacturing surprisingly accelerated in August, coming in at 59.9 versus July’s 59.5 and economists’ consensus expectation of 58.5. The solid reading does show the resiliency of … Continue reading

August Market Insights – Another Strong Month for Stocks

Market Blog Wednesday, September 1, 2021 Index Performance View enlarged chart. U.S. and International Equities All of the U.S. major market indexes finished August higher despite concerns about the COVID-19 Delta variant, with the S&P 500 Index making it seven … Continue reading

Are Short-Term Funding Markets Flashing Warning Signs?

Market Blog Wednesday, September 1, 2021 Financial headlines continue to warn of the potential for broader financial stresses as usage of some short-term lending programs have surged to record levels recently. The size of the moves has some analysts warning … Continue reading

Here Comes the Worst Month of the Year

Market Blog Tuesday, August 31, 2021 The incredible bull market continues, with the S&P 500 Index up to a record 53 new all-time highs before August is over, topping the previous record from 1964. View enlarged chart. “Although this bull … Continue reading

Weekly Market Performance – Markets Rebound Amid Fed Comments

Market Blog Friday, August 27, 2021 Index Performance View enlarged chart. U.S. and International Equities Major Markets Rebound The major markets finished higher after last week’s selloff, as an already strong week was capped off with a broad-based rally on … Continue reading

How is Delta Affecting Consumer Behavior?

Economic Blog Friday, August 27, 2021 How is the recent increase in COVID-19 cases in the United States linked to the spread of the Delta variant affecting the U.S. consumer’s behavior? We look at some consumer confidence focused high-frequency data … Continue reading

LPL Street View: A Key to Fighting Inflation Is in the Palm of Your Hand

Market Blog Thursday, August 26, 2021 Phones certainly aren’t just for making calls anymore, but how many see the power in the palm of their hand as an enduring weapon in the battle against inflation? Through our phones and devices, … Continue reading

6 Charts on Stocks Making New All-Time Highs

Market Blog Wednesday, August 25, 2021 The S&P 500 Index made yet another new all-time high yesterday, the 50th on the year. “The all-time record for any one year is 77 S&P 500 new all-time highs back in 1995,” explained … Continue reading

Jackson Hole Economic Symposium Preview

Market Blog Tuesday, August 24, 2021 Since 1978, the Federal Reserve Bank of Kansas City has played host to central bankers, policymakers, academics and economists from around the world at its annual economic policy symposium in Jackson Hole, Wyoming, which … Continue reading

Weekly Market Performance – Markets Lower as Delta Variant Cases Increase

Market Blog Friday, August 20, 2021 Index Performance View enlarged chart. U.S. and International Equities Major Markets Pullback The major markets this week finished lower as value sectors reversed course from last week’s gains. The strength in cyclicals the prior … Continue reading

Leading Indicators Forecasting Continued Growth

Economic Blog Friday, August 20, 2021 With increased concerns about the Delta variant, high inflation, and recent misses on economic data, it can be easy to forget that we’re still in the middle of a robust economic recovery and leading … Continue reading

LPL Market Signals: We Don’t Expect a Delta Derailment

Market Blog Thursday, August 19, 2021 In this week’s LPL Market Signals podcast the strategists discussed the latest increase in cases of COVID-19 from the Delta variant. The uptick has their attention economically, although inventory replenishment and pent-up consumer demand … Continue reading

Price Competition: An Anchor on Inflation

Economic Blog Thursday, August 19, 2021 Much has been written on the prospects for sustained inflation over the next few years. While some are calling for inflation to be a problem, we are firmly outside that camp. We believe there … Continue reading

Delta Variant Begins to Slow Retail Sales

Economic Blog Thursday, August 18, 2021 Retail sales fell 1.1% in July as consumer spending likely experienced some drag from the spread of the Delta variant late in the month. The drop was larger than Bloomberg’s consensus forecast of a … Continue reading

A Closer Look At The High Yield Muni Market

Market Blog Tuesday, August 17, 2021 As mentioned in the most recent Muni Market Monitor, high yield muni funds have accumulated $24 million of net inflows year to date, representing ~20% of total inflows to the total municipal category. With … Continue reading

Weekly Market Performance – Value Outperforms Growth as Yields Increase

Market Blog Friday, August 13, 2021 Index Performance View enlarged chart. U.S. and International Equities Major Markets Mostly Higher The major markets this week finished mostly higher as value sectors materials, industrials, and financials led the S&P 500 Index to … Continue reading

Here Comes Friday The 13th

Market Blog Thursday, August 12, 2021 “Friday the 13th is still better than Monday the whatever.” No known person to cite, but LPL Research can’t disagree. Tomorrow, August 13, will be the first Friday the 13th since November 2020. For … Continue reading

Why Stagflation Isn’t in the Cards

Economic Blog Thursday, August 12, 2021 The term stagflation has been increasingly circulating in the financial media as inflation readings have risen sharply in recent months. The term is often associated with the 1970s which saw runaway inflation—largely driven by … Continue reading

LPL Market Signals: What’s happening with bond yields?

Market Blog Thursday, August 12, 2021 Why Are Yields So Low? This week in the LPL Market Signals podcast, Ryan Detrick is joined by Marc Zabicki and Lawrence Gillum, where the team discusses one of the big questions lately: how … Continue reading

Inflation Still High But Moderating

Economic Blog Wednesday, August 11, 2021 The U.S. Bureau of Labor Statistics released its July inflation report showing that the headline Consumer Price Index (CPI) rose 0.5% month-over-month and 5.4% year-over-year. The core CPI, which strips out the volatile food … Continue reading

Leadership Changes Coming to the Federal Reserve?

Market Blog Tuesday, August 10, 2021 The Chairperson of the Federal Reserve (Fed) is appointed by the President of the United States and serves a four-year term. The current Chairperson, Jerome Powell, has held that position since 2018 so his … Continue reading

Weekly Market Performance – Markets Rebound on Strong July Jobs Report

Market Blog Friday, August 6, 2021 Index Performance View enlarged chart. U.S. and International Equities Markets Finish Marginally Higher The major markets reversed course from last week, finishing the week higher. Overseas markets produced gains, as emerging market equities (MSCI … Continue reading

July Payrolls Buck Trend Of Recent Weak Economic Data

Economic Blog Friday, August 6, 2021 Investors finally got the strong pop in payrolls many have been calling for, breaking from the string of recent lukewarm jobs reports and weakening data from other segments of the economy that have been … Continue reading