Global optimism. Stocks are up this morning as investors watch for any developments in U.S. and China officials’ face-to-face trade talks. President Trump announced that Thursday’s discussions went “very well,” and he is scheduled to meet with Vice Premier Liu He today. Global stocks are also getting a lift from positive developments in discussions around a deal for the United Kingdom to exit the European Union (Brexit).
A second day of talks. A limited U.S.-China trade deal or trade truce to avoid future tariffs may be the best-case scenario from this round of talks. However, any progress here would be important thawing before the Asia-Pacific Economic Cooperation (APEC) Summit in November. Trade progress would also be a relief for global investors, who have been saddled with elevated trade and political uncertainty for the past several months. We’ll dig into U.S.-China trade discussions more today on the LPL Research blog.
Back near highs. The S&P 500 Index has spent the last two weeks in its August trading range between 2,822 and 2,950 following the October 1 breakdown below tactical support at 2,950. Trade optimism has pushed the index back above 2,950, a positive sign if stocks can hold this level going into the weekend. We still see strong technical support at the August lows of 2,822.
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 # 1-903826