Market Blog
Amid increasing concerns about the spread of the coronavirus (COVID-19) and its potential impacts on global economic growth, many major global stock markets entered correction territory on Thursday; Continue reading
Month: February 2020
Market Update: Fri, Feb 28, 2020 | LPL Financial Research
DAILY INSIGHTS
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
Market Update: Thurs, Feb 27, 2020 | LPL Financial Research
DAILY INSIGHTS
LPL Research on CNBC. LPL Financial Senior Market Strategist Ryan Detrick was on CNBC’s The Exchange Wednesday afternoon to discuss the recent market weakness. You can watch the full video here.
Coronavirus Pullback Continues
Market Blog
The global equity weakness continued yesterday, with consecutive 3% drops for the S&P 500 Index for the first time since August 2015. It might be hard to believe, but exactly one week ago today the S&P 500 was making a new all-time high. What a difference seven days makes! Continue reading
Market Update: Wed, Feb 26, 2020 | LPL Financial Research
DAILY INSIGHTS
The day after. The S&P 500 Index is up in early trading after the worst two day sell-off since 2015. Covid-19 (coronavirus) fears sparked the selling once again after the CDC warned about a possible spread to the US. 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
DAILY INSIGHTS
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
The Coronavirus Outbreak Is Spreading
Market Blog
News that the coronavirus—known as COVID-19—has spread to South Korea, Italy, Japan, and Iran, has led to massive selling around the globe, with many European markets closing down more than 4%. U.S. stock markets are selling off hard as well, with the S&P 500 Index down nearly 3% in early trading on Monday. Continue reading
Market Update: Mon, Feb 24, 2020 | LPL Financial Research
DAILY INSIGHTS
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