Payrolls bounce back. The U.S. job market bounced back last month after a weak May. Nonfarm payrolls rose 224K in June, beating consensus estimates for a 160K gain. Employers have added jobs for 105 straight months, by far the longest streak of job creation on record. Market participants still anticipate a Fed rate cut in July, though a strong labor market is making a weaker case for softer Fed policy. We’ll dive more into the June jobs report in today’s LPL Research blog post.
The latest on trade. US negotiators are set to travel to Beijing next week to discuss the ongoing trade dispute. Sources say Beijing wants to see how the Trump administration looks at the situation with Huawei before making any future purchases of US soybeans. This sticking point is key for discussions and should things breakdown, the big question is will Washington proceed with new tariffs on the remaining $300 billion of Chinese goods? Both sides continue to express optimism, but we are still far from a resolution. At this time, we continue to expect some type of agreement on trade with China by the fall, as the negatives for both sides are simply so great.
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.
Because of their narrow focus, sector investing will be subject to greater volatility than investing more broadly across many sectors and companies.
Government bonds and Treasury bills are guaranteed by the US government as to the timely payment of principal and interest and, if held to maturity, offer a fixed rate of return and fixed principal value.
All company names noted herein are for educational purposes only and not an indication of trading intent or a solicitation 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.
Securities and advisory services offered through LPL Financial (LPL), a registered investment advisor and broker-dealer (member FINRA/SIPC). Insurance products are offered through LPL or its licensed affiliates. To the extent you are receiving investment advice from a separately registered independent investment advisor, please note that LPL is not an affiliate of and makes no representation with respect to such entity.
If your advisor is located at a bank or credit union, please note that the bank/credit union is not registered as a broker-dealer or investment advisor. Registered representatives of LPL may also be employees of the bank/credit union. These products and services are being offered through LPL or its affiliates, which are separate entities from, and not affiliates of, the bank/credit union. Securities and insurance offered through LPL or its affiliates are:
|Not FDIC or NCUA/NCUSIF Insured | No Bank or Credit Union Guarantee | May Lose Value | Not Guaranteed by Any Government Agency | Not a Bank/Credit Union Deposit|
Index data obtained via FactSet
For Public Use – Tracking # 1-869892