We favor large caps as the business cycle ages, though recent small cap strength suggests large cap leadership may have been stretched…
Portfolio Compass | September 19, 2019
read more
Research
The Curious Case of Negative Yields | Weekly Market Commentary | September 16, 2019
There’s a growing pile of negative-yielding debt around the world amid extraordinary monetary policy initiatives…
Market Insight Monthly | August 2019
U.S. economic data was mixed in August, reflecting the complicated macroeconomic environment in the midst of high trade uncertainty…
Corporate Earnings Outlook | Weekly Market Commentary | September 9, 2019
We lowered our 2019 earnings growth forecast for the S&P 500 Index on August 19 due to increased risk to economic growth and corporate profits from the ongoing trade conflict…
The Dog Days of Summer | Client Letter | September 4, 2019
The Dog Days of Summer were on full display this past month, as a variety of concerns pushed stocks and bond yields lower….
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…