LPL Market Signals: New Highs In Inflation and Stocks
Market Blog Monday, June 21, 2021 New highs amid higher inflation The S&P 500 Index finally broke out to new highs late two weeks ago on the heels of the hotter than expected inflation data. Equity Strategist Jeff Buchbinder and … Continue reading →
Reaction to Fed Meeting May be Muted | Daily Market Update
Monday, June 21, 2021 Top Story Inflation And What the Fed Is Saying A complete picture of the reaction to the July 16 Federal Reserve (Fed) meeting is yet to come and may be more muted. Both stocks and bonds … Continue reading →
Weekly Market Performance – Markets Pullback Amid Fed Signaling
Market Blog Friday, June 18, 2021 Index Performance View enlarged chart. U.S. and international equities The major US markets ended the week mostly lower on inflation concerns and a hawkish FOMC that signaled an increase in rates may come sooner … Continue reading →
Leading Indicators Continue to Forecast Growth
Economic Blog Friday, June 18, 2021 As the economic focus has frantically shifted from inflation concerns to peak growth fears to the Federal Reserve’s (Fed) tightening timeline in recent weeks, it can be helpful to take a step back and … Continue reading →
LEI Signals Continued Growth | Daily Market Update
Friday, June 18, 2021 Top Story LEI Signals Continued Growth The Conference Board released its Leading Economic Index (LEI) report for May on Thursday, showing the series rose 1.3% month over month. This represents the third straight month in which … Continue reading →
A Moderately Interesting Fed Meeting
Market Blog Thursday, June 17, 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, signaling on future path … Continue reading →
A Moderately Interesting Fed Meeting | Daily Market Update
Thursday, June 17, 2021 Top Story A Moderately Interesting Fed Meeting 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. … Continue reading →
Why Inflation Worries Likely Just Peaked
Market Blog Wednesday, June 16, 2021 As nearly everyone knows by now, inflation has soared the past few months, with the May Consumer Price Index (CPI) coming in at 5.0% year-over-year, the highest since 2008, while the core CPI (excluding … Continue reading →
All Eyes On The Federal Reserve (Fed) Meeting Today | Daily Market Update
Wednesday, June 16, 2021 Top Story Inflation peaking? After record recent inflation data, worries over continued higher inflation later this year are soaring. Here are some things to think about though: We see inflation potentially upwards of 3% this year … Continue reading →
Tempering Tech
Tuesday, June 15, 2021 As investors we fight against behavioral biases in every investment decision we make. Our Director of Research Marc Zabicki talked recently about some of these biases in this video. We become attached to our ideas and … Continue reading →
U.S. Markets Trade Fractionally Higher | Daily Market Update
Tuesday, June 15, 2021 Top Story On this week’s LPL Market Signals Podcast, Chief Market Strategist Ryan Detrick and Equity Strategist Jeff Buchbinder discuss market highs and inflation concerns. Fixed Income Strategist Lawrence Gillum joins the podcast to discuss sustainable … Continue reading →
Sustainable Investing Becoming Mainstream in Fixed Income | Daily Market Update
Monday, June 14, 2021 Top Story Sustainable Investing Becoming Mainstream in Fixed Income Sustainable investing is becoming more mainstream in fixed income—and companies that fail to acknowledge changing dynamics may potentially face financially material impacts. Even as crude oil prices … Continue reading →
Weekly Market Performance – Value Pulls Back
Market Blog Friday, June 11, 2021 Index Performance View enlarged chart. U.S. and international equities The major US markets ended the week mixed with the growth-laden Nasdaq Composite finishing the week higher, while the Dow Jones gave back ground. Emerging … Continue reading →
Small Business Pulse Check
Friday, June 11, 2021 While U.S. economic conditions have certainly improved, and earnings momentum for S&P 500 companies has been strong, U.S. small business conditions remain somewhat less stable. Notably, the NFIB Small Business Optimism Index has improved since last … Continue reading →
New Highs in Stocks and Inflation | Daily Market Update
Friday, June 11, 2021 Top Story New highs in stocks and inflation The S&P 500 Index soared to its 27th new high of 2021, while inflation also jumped to multiple year highs. The Consumer Price Index (CPI) for May jumped 5.0% … Continue reading →
Supply Chain Bottlenecks Push CPI Higher
Economic Blog Thursday, June 10, 2021 Make that two consecutive months that CPI inflation has surprised meaningfully to the upside. The U.S. Bureau of Labor Statistics released its May inflation report this morning, June 10, revealing that the headline Consumer … Continue reading →
CPI Inflation Beats Expectations Again | Daily Market Update
Thursday, June 10, 2021 Top Story CPI Inflation Beats Expectations Again The Bureau of Labor Statistics released May data for the Consumer Price Index (CPI) this morning showing headline CPI jumped 0.6% month over month vs. estimates of 0.5%, while … Continue reading →
A Closer Look At New Highs
Market Blog Wednesday, June 9, 2021 The S&P 500 Index is flirting with new highs unlike nearly any time in history. In fact, it has now gone nine days in a row closing within 1% of an all-time high without … Continue reading →
New Market Highs Are Close | Daily Market Update
Wednesday, June 9, 2021 Top Story New highs are close The S&P 500 Index is very close to another new high but is having trouble getting there. Three days in a row it closed within 0.15% of an all-time high … Continue reading →
Munis Are Expensive but Technicals Remain Favorable
Market Blog Tuesday, June 8, 2021 While many of the taxable markets have generated negative returns this year, both the high quality and high yield municipal markets have generated positive returns (no guarantees that will continue, of course). State and … Continue reading →
S&P 500 Flirts with a New All-Time High | Daily Market Update
Tuesday, June 8, 2021 Top Story Meme Stock Mania Chief Market Strategist Ryan Detrick and Equity Strategist Jeff Buchbinder examine what meme mania means for investors, explore how policy could impact things for the rest of 2021, and dissect the … Continue reading →
S&P 500 Index Within a Tiny Fraction of a New All-Time High | Daily Market Update
Monday, June 7, 2021 Top Story Policy tailwinds may turn into headwinds in 2022, but economic fundamentals likely to dominate The U.S. stock market was supported by tremendous fiscal stimulus in 2020 and into 2021 and may face some challenges … Continue reading →
Weekly Market Performance – Markets Higher During a Shortened Week
Market Blog Friday, June 4, 2021 Index Performance View enlarged chart. U.S. and international equities The major US markets were higher this week, as market participants continue to take inflation concerns in stride. US small cap (Russell 2000) equities were … Continue reading →
May Payrolls Not Too Hot, Not Too Cold
Economic Blog 6/4/2021 Before diving into today’s jobs report for May, it will be a useful exercise to recall the curveball that April’s report threw at investors. One of the more hotly contested topics investors have been debating recently is … Continue reading →
Jobs Growth Comes in Lukewarm | Daily Market Update
Friday, June 4, 2021 Top Story Jobs Growth Comes in Lukewarm The U.S. economy gained 559,000 jobs in May according to the US Bureau of Labor Statistics, falling short of Bloomberg survey estimates for a 675,000 gain. The unemployment rate … Continue reading →
Main Street Sentiment Strongest in Over a Decade
Economic Blog Thursday, June 3, 2021 The U.S. economy is opening up and overall sentiment on Main Street is the strongest it’s been since our earliest analysis in 2005, according to LPL Research’s proprietary Beige Book Barometer (BBB). The result … Continue reading →
Hiring Seems to be Accelerating | Daily Market Update
Thursday, June 3, 2021 Top Story Economic data continues to show hiring accelerating Private payrolls grew at their fastest rate in nearly a year, according to data released this morning by ADP. Companies hired 978,000 in May vs. expectations of … Continue reading →
June Swoon?
Market Blog Wednesday, June 2, 2021 Although there was some notable weakness in the middle of May, the S&P 500 Index was able to rally late in the month to finish with a modest gain. Incredibly, this was the eighth … Continue reading →
Crude Oil Extends Rally | Daily Market Update
Wednesday, June 2, 2021 Top Story June Swoon? The S&P 500 Index managed a small gain in May, but now the calendar turns to June, a historically tricky month. Since 1950, June has been the 4thworst month on average, but … Continue reading →
May Market Insights – Commodities Extend Gains in May
Market Blog Tuesday, June 1, 2021 Index Performance View enlarged chart. U.S. and international equities The month of May proved to be mixed for the U.S. major market indexes. Last month’s top performer, the Nasdaq composite, was May’s laggard. International … Continue reading →
The Amount of Negative Yielding Debt Is Trending Lower
Market Blog Tuesday, June 1, 2021 The amount of negative yielding debt is shrinking and that’s a good sign that the global economic recovery is well underway. While negative yielding debt became prevalent in many non-U.S. countries after the Global … Continue reading →
U.S. Markets Open in the Green I Daily Market Update
Tuesday, June 1, 2021 Top Story Proceed With Caution in the Bond Market Long-term interest rates have traded sideways recently, but LPL Research argues that high-quality bonds can play a pivotal role in mitigating equity risk. Learn more in this … Continue reading →
Weekly Market Performance – Commodity Strength
Market Blog Friday, May 28, 2021 Index Performance (as of 11 AM EST) View Enlarged Chart. U.S. and international equities The major US markets were higher this week, as market participants took concerns about inflation in stride. US small caps … Continue reading →
The Federal Reserve’s Preferred Measure of Inflation Rises I Daily Market Update
Friday, May 28, 2021 Top Story The Federal Reserve’s preferred measure of inflation rises The month-over month reading for personal consumption expenditure (PCE) inflation in April rose to 0.6% while the core reading (excluding food and energy) rose to 0.7%. … Continue reading →
Checking the Gauges: Economic Surprise Indexes
Economic Blog Thursday, May 27, 2021 In terms of whether economic data is either beating or missing economists’ forecasts, it appears conditions may now be a bit better overseas. Driven by some improving COVID-19 trends, the economic backdrop has improved … Continue reading →
LPL Market Signals: To Taper or Not to Taper, That Is the Question
Market Blog Thursday, May 27, 2021 To Taper or Not to Taper, That Is the Question Inflation and tapering have dominated the conversation lately and this week in the latest LPL Market Signals podcast, Ryan Detrick and Jeff Buchbinder dig … Continue reading →
Do You Have Your Mind Right? I Daily Market Update
Thursday, May 27, 2021 Top Story New Street View Video: Do You Have Your Mind Right? LPL Financial Director of Research Marc Zabicki lists three practical steps for mitigating the potential havoc irrational influences can have on investment decisions. Watch … Continue reading →
Three Things Investors Can Learn From Phil Mickelson’s Win
Market Blog Wednesday, May 26, 2021 Congrats to Phil Mickelson on his amazing victory on Sunday at the PGA Championship at the age of 50, officially the oldest person to ever win a golf major championship. This was Lefty’s 6th … Continue reading →
Happy Birthday, Papa Dow! | Daily Market Update
Wednesday, May 26, 2021 Top Story Happy birthday, Papa Dow! Charles Dow founded the Dow Jones Industrial Average 125 years ago today. The Dow started with 12 companies, most of which don’t exist anymore, though General Electric was in the … Continue reading →
The Relationship Between Treasury Yields and Mortgage Rates
Market Blog Tuesday, May 25, 2021 Mortgage rates are still around all-time lows but they may be headed higher. The 30-year national average mortgage rate hit an all-time low of 2.82% back in February, but with the U.S. economic recovery … Continue reading →
