Featured Journal Entry

LPL Market Outlook 2017

Stock markets, bond markets, the economy, policy — some years they push and pull on each other lightly as markets follow their own path; in others, one influence, such as monetary policy, dominates. But sometimes, often following a period of change...

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Beige Book: Window on Main Street

BEIGE BOOK SUGGESTS CONTINUED MODEST ECONOMIC GROWTH The latest edition of the Federal Reserve’s Beige Book, released Wednesday, April 19, 2017, continued to deliver a positive view of the U.S. economy. The Beige Book is a qualitative assessment of...

Which Breaks First, Stock Prices or Uncertainty?

Some significant technical trend lines are in play, so we take a closer look at market technicals and sentiment this week. The longer-term technicals continue to look strong, and an evaluation of global market breadth suggests the path of least...

First Quarter 2017 Earnings Preview: Double Digits?

The S&P 500 is poised for double-digit earnings growth in the first quarter. Earnings season gets underway this week and corporate America is poised to show a strong increase in its bottom line. The S&P 500 appears likely to produce double...

The $4.2 Trillion Dilemma

Minutes from the most recent Federal Reserve (Fed) meeting, released last Wednesday, sparked selling of stocks and bonds, as investors read that the Fed may reduce its $4.2 trillion balance sheet. Minutes also revealed that “some Fed officials...

Checking in on Some Trump Trades

Checking in on some “Trump trades.” The election outcome and resulting expectations for fiscal policy have caused several shifts in market leadership toward areas most sensitive to these policies. Policy is not the only factor to consider when...

April Preview

April 2017 is a busy month, with several potentially market-moving global events to monitor closely. 2017 has seen global equity prices soar to new highs, with the S&P 500 Index up 5.5% in the first quarter, the best performance to start a year...