Stocks Drop, Yield Curve Inverts on Renewed Global Growth Concerns.
US: S&P 500 Index -0.8%%, Dow -1.3%, Nasdaq -0.6%
Europe: STOXX Europe 600 -1.3%, German DAX -2.8% France CAC 40 -2.5%, U.K. FTSE 100 +1.8%
Asia: Japan Nikkei +0.8%, China Shanghai Composite +2.7%, Korea KOSPI +0.5%
Rates/Commodities: 10-Year Treasury yield -15 basis points to 2.44%, WTI crude oil +2.5%, COMEX gold: +0.5%
A topsy-turvy week for global financial markets saw U.S. and European stocks shed early-week gains and several measures of the Treasury yield curve invert for the first time since 2006 following a resurgence in global growth concerns. Continue reading
Markets rally Thursday, look to end week on high note. One day after the Federal Reserve (Fed) doubled down on its “patient” approach to rate hikes, the technology sector’s 2.5% gain led the S&P 500 Index to its highest close this year. Continue reading
We recently introduced a new two-minute video series, Street View, to provide investors with top market, economic, and investment insights from Chief Investment Strategist John Lynch, along with other senior strategists on the LPL Research team.
The Fed on Reserve. The Federal Reserve (Fed) doubled down on its patient stance in yesterday’s rate announcement, as policymakers signaled a complete pause in policy while acknowledging a slowing pace of growth and global uncertainty. Continue reading
The Federal Reserve (Fed) has doubled down on its patient stance. Policymakers signaled a complete pause in policy at the conclusion of the Fed’s March meeting, with a nod to a slowing pace of growth and global uncertainty.
After dropping nearly 20% late last year, the S&P 500 Index has officially bounced up more than 20% from the December 24 lows. As we noted at the time, most bear markets that take place in a non-recessionary environment tend to bottom near a 20% correction. Fortunately, that played out nicely, and now the S&P 500 is less than 4% away from new highs. This raises two new questions: Can it make a new high, and when can we expect it?
Awaiting the Fed. The Federal Reserve (Fed) concludes its two-day policy meeting this afternoon. Though no rate hike is expected, investors will look to the policymakers’ interest rate forecasts, known as the “dot plots,” along with comments from Fed Chair Jerome Powell in his post-meeting press conference about the central bank’s plans to wind down its balance sheet. Continue reading
Today, the Federal Reserve (Fed) kicks off its second two-day meeting of 2019, and financial markets have high expectations for the outcome.
The Fed’s high hurdle. Today, the Federal Reserve (Fed) kicks off its second two-day meeting of 2019, and market participants are overwhelmingly expecting the Fed to hold rates steady with a continued commitment to flexibility. Continue reading
Small cap stocks staged a furious rally to kick off 2019, with the Russell 2000 Index up nearly 18% year to date at the early March peak. Of course, you may remember that small caps were down much more than large caps at the end of 2018, as the Russell 2000 lost 20.5% in the fourth quarter for the worst quarterly decline since the U.S. debt downgrade in the third quarter of 2011. Continue reading