The Dog Days of Summer were on full display this past month, as a variety of concerns pushed stocks and bond yields lower….
The Dog Days of Summer | Client Letter | September 4, 2019
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Research
U.S. Treasuries and the Yield Curve | Weekly Market Commentary | September 3, 2019
We recently reduced our year-end forecast range for the 10-year U.S. Treasury yield from 2.5–2.75% to 1.75–2%…
LPL’s U.S. Real GDP Forecast Change | Weekly Market Commentary | August 26, 2019
We have lowered our projections for U.S. gross domestic product (GDP), the 10-year U.S. Treasury yield, and operating earnings for the S&P 500 Index in 2019…
Portfolio Compass | August 21, 2019
We have maintained our S&P 500 Index year-end fair value target of 3,000 despite our lowered economic and earnings growth forecasts amid trade uncertainty…
Tweaking Our Forecasts | Weekly Market Commentary | August 19, 2019
Trade fears swung around stocks last week before some tariffs were delayed August 13 to avoid impacting the holiday shopping season…
The New (Ab)normal | Weekly Market Commentary | August 12, 2019
Stocks endured significant volatility last week but showed some resilience Wednesday, August 7, when the S&P 500 Index dropped as much as 2% intraday before rallying back…
Currency Fears Emerge | Weekly Market Performance | August 9, 2019
The equity markets struggled in the week ending Thursday, August 8, weighed down by currency-related trade uncertainty after China retaliated against new tariffs by devaluing the yuan…
Market Insight Monthly | July 2019
Gross domestic product (GDP) increased 2.1% in the second quarter, bolstered by consumer spending’s 2.9% contribution to growth…
Seasonal Slump? | Weekly Market Commentary | August 5, 2019
Despite last week’s losses, 2019 has been a good year for stocks—the S&P 500 is up 17% year to date through August 2 and, excluding any losses Monday, still stands just 3% from its all-time closing high on July 26…
The Fed’s Course Correction | Weekly Economic Commentary | August 5, 2019
Rate cuts have been a sobering reality in investors’ short-term memories, as the Fed resorted to a series of rate cuts to get the U.S. economy out of the depths of the financial crisis in 2008–09…