- LPL Market Signals Podcast. In the latest episode of the Market Signals Podcast, listen to Equity Strategist & Portfolio Manager Jeff Buchbinder and Chief Investment Strategist John Lynch discuss the signs pointing to Q3 economic growth and into 2019. Market Signals by LPL Financial is now available on iTunes, Google Play and Spotify. Please join our discussion on social via #LPLMarketSignals.
- Trade uncertainty weighing on Eurozone. With earnings season in full swing and geopolitics garnering a lot of attention, investors are also chewing on Markit Purchasing Managers’ Index data out of the U.S., Eurozone, Germany, and France this morning. U.S. data are due out later this morning, but most of the European figures released earlier came in below analysts’ expectations. Manufacturing activity in the Eurozone marked a 26-month low, while services activity registered a 24-month low. A slowdown in exports, as well as a decline in the pace of new manufacturing orders amid a backdrop of rising price pressures suggests the 19-country region will continue to find meaningful growth elusive and may put the European Central Bank in a bind going into 2019 as it looks to tighten monetary policy, all of which support our cautious view on Europe and preference for emerging markets and U.S. equities.
- LPL Research on Yahoo! Finance. Senior Market Strategist Ryan Detrick was on Yahoo! Finance’s The Final Round recently to discuss market volatility, October, midterms, and more. You can watch the interview here.
- Third-quarter GDP. Investors’ first look at third-quarter gross domestic product (GDP) will be released on Friday, and the consensus points to another quarter of moderate to strong gains in output. The U.S economy has been on solid footing for a while, but the underlying detail provides a rough guide to how certain factors have impacted growth. On the LPL Research blog today, we’ll highlight what we’ll be watching for in the GDP release, and what we think were the biggest drivers of last quarter’s output.
- Markit PMI — Manufacturing (Preliminary, Oct)
- Markit PMI — Services (Preliminary, Oct)
- New Home Sales (MoM, Sep)
- Federal Reserve’s Beige Book (N/A)
- Japan Leading Index (Aug)
- Japan PPI Report (Sep)
- Durable Goods Orders (Preliminary, MoM, Sep)
- Initial Jobless Claims (Oct. 20)
- Pending Home Sales (MoM, Sep)
- European Central Bank Rate Decision
- Japan CPI Report (Oct)
Investing in foreign and emerging markets securities involves special additional risks. these risks include, but are not limited to, currency risk, geopolitical risk, and risk associated with varying accounting standards. Investing in emerging markets may accentuate these risks.
The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual security. To determine which investment(s) may be appropriate for you, consult your financial advisor prior to investing. The economic forecasts set forth in this material may not develop as predicted.
All indexes are unmanaged and cannot be invested into directly. Unmanaged index returns do not reflect fees, expenses, or sales charges. Index performance is not indicative of the performance of any investment.
Investing involves risks including possible loss of principal. No investment strategy or risk management technique can guarantee return or eliminate risk in all market environments.
All company names noted herein are for educational purposes only and not an indication of trading intent or a solitication of their products or services. LPL Financial doesn’t provide research on individual equities.
All performance referenced is historical and is no guarantee of future results.
This research material has been prepared by LPL Financial LLC.
To the extent you are receiving investment advice from a separately registered independent investment advisor, please note that LPL Financial LLC is not an affiliate of and makes no representation with respect to such entity.
The investment products sold through LPL Financial are not insured deposits and are not FDIC/NCUA insured. These products are not Bank/Credit Union obligations and are not endorsed, recommended or guaranteed by any Bank/Credit Union or any government agency. The value of the investment may fluctuate, the return on the investment is not guaranteed, and loss of principal is possible.
Index data obtained via FactSet
For Public Use – Tracking #1-785447 (Exp. 10/19)