Market Update: Tue, Mar 26, 2019 | LPL Financial Research

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Daily Insights

Fed presidents comment on yield curve inversion, balance sheet plans. Chicago Federal Reserve (Fed) president Evans acknowledged investors’ concerns about the recent yield curve inversion and noted the Fed is watching closely, though he suggested structural changes (lower trend growth and lower real interest rates) and the secular (long-term) downtrend in long-term interest rates indicate a flatter yield curve is more natural. Continue reading

Weekly Market Drivers | LPL Financial Research

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

Time For New Highs?

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?

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