Market Update: Fri, Feb 28, 2020 | LPL Financial Research


Markets on track for worst week since 2008. The S&P 500 Index is already down 10.8% this week, and with equities lower again in early trading, the benchmark index is tracking to its worst week since October 2008. While corrections are a normal part of investing, this sell-off has been historically swift—since 1950; only three other weeks have experienced a sharper sell-off than what we’re currently tracking to.  Continue reading

Gauging Potential Economic Impact of Covid-19

Economic Blog 

The coronavirus outbreak—or Covid-19 —has caused significant market volatility over the past week. Our approach as always is to focus on economic fundamentals first, but the uncertainty around the scope of the outbreak has made it very difficult to assess potential impact. The situation clearly is unsettling for investors as more cases are reported across Europe and Asia, and the first case of community transmission has been reported in the United States. Continue reading

What’s Next for U.S. Treasury Yields

It’s no surprise that uncertainty around the impact of coronavirus (or Covid-19) has led to increased buying pressure in longer-maturity U.S. Treasuries, pushing yields lower, but the strength of the move has been unusual. While the run may not be over, and the economic backdrop in the short term has shifted, the size of the move is looking increasingly disconnected from economic fundamentals. Continue reading

Market Update: Tues, Feb 25, 2020 | LPL Financial Research


Monday’s sell-off scary, but also entirely normal. In a market that may have run a bit ahead of itself, sensitivity to a downside catalyst is not surprising. And while fear of a second major Covid-19 outbreak developing is a legitimate concern and did merit some market repricing, progress toward containment remains the baseline. Continue reading

Market Update: Mon, Feb 24, 2020 | LPL Financial Research


Stocks down sharply as virus spreads. Stocks are under heavy selling pressure this morning amid fears that the coronavirus–known as COVID-19–will spread around the globe after reported cases in South Korea, Italy, Japan, and Iran climbed. Asian equities fell more than 1% overnight, while key European markets are down about 3%. Continue reading