Trade pessimism. U.S. stocks are lower this morning on speculation that China may be increasingly reluctant to strike a trade deal. High-level talks between the United States and China are still scheduled to kick off later this week, but reports indicate that Chinese officials have narrowed the scope of topics they’re willing to negotiate on during these discussions. Even though we don’t expect resolution in this particular round of talks, the meeting may serve as a precursor for some thawing at the important Asia-Pacific Economic Conference in November.
Chugging along. On Friday, the September jobs report showed job growth keeps chugging along, despite signs of weakness in other pockets of the U.S. economy. The average payrolls gain climbed to 179,000 over the past 12 months, which is slightly higher than the expansion average. Check out our LPL Research blog post on September jobs data for more details.
Policy tug-of-war. Investors are facing a host of unresolved international and domestic issues, including an upcoming presidential election, all of which are contributing to an overall sense of uncertainty. LPL Research provides insights on policy and the markets in this week’s Weekly Market Commentary: Policy Uncertainty Intensifies.
October tricks. October lived up to its reputation as a volatile month in its first week. LPL Research reviews market movements and the major equity, fixed income, currency, and commodity indexes in the Weekly Market Performance: Scary Start to October.
The week ahead. Economic data flow is fairly light this week. Investors will get more clues on the state of inflation in the Producer Price Index report (released on Tuesday), the Consumer Price Index report (released on Thursday), and import/export price data (released on Friday). Minutes from the Federal Reserve’s most recent policy meeting will also be released Wednesday afternoon.
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 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 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.
Because of their narrow focus, sector investing will be subject to greater volatility than investing more broadly across many sectors and companies.
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 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.
|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
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:
For Public Use – Tracking # 1-901619