Leading Indicators Start 2020 With Strong Bounce

Economic Blog

Leading economic indicators finally received the jolt we have been expecting.

The Conference Board’s Leading Economic Index (LEI), a composite of leading data series, rose 0.8% month over month in January, ending a string of lethargic readings. As shown in the LPL Chart of the Day, the LEI rose 0.9% year over year, signaling a potential bottom in the series and pointing to economic growth. Continue reading

Market Update: Fri, Feb 21, 2020 | LPL Financial Research


Investors on edge. We’ve seen signs of complacency among investors in recent weeks, but Thursday showed how investor anxiety can spike quickly. The S&P 500 Index has traded in a range of less than 2% the previous seven days, but on Thursday the VIX Index (CBOE Volatility Index) jumped more than 20% intraday before the S&P 500 recovered most of its losses.

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Market Update: Thurs, Feb 20, 2020 | LPL Financial Research


Stocks are lower amid virus headlines. Market participants remain focused on the latest coronavirus news coming out of Asia this morning. The 1.8% jump in the Shanghai Composite Index overnight, following Wednesday’s rally to another fresh record high for the S&P 500 Index, reflects some level of optimism toward containment, in our view.

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Market Update: Wed, Feb 19, 2020 | LPL Financial Research


Coronavirus slows, travel restrictions ease. Futures are green around the globe this morning as the number of new coronavirus cases fell to the lowest daily increase since January 29 and the Chinese government stepped up its fiscal and monetary stimulus response. The number of new cases in mainland China (excluding Hubei) has now fallen for 15 straight days. Continue reading

How Well Have Stocks Done Under President Trump?

Market Blog

We hope everyone had a nice Presidents’ Day yesterday, and by nice we hope you got the day off work!

In honor of George Washington, starting in 1971, the third Monday in February was originally celebrated as a Federal holiday to honor our country’s first president, but over time the day has changed to honor all the US presidents. Continue reading

Market Update: Tues, Feb 18, 2020 | LPL Financial Research


Stock markets modestly lower after renewed coronavirus concern. Apple’s announcement that the coronavirus would impact sales had international markets striking a cautious tone overnight, with the technology sector getting much of the attention. The MSCI Asia Pacific was down just over 1%, while major European indexes and S&P 500 Index futures have posted smaller losses. Continue reading

Market Update: Fri, Feb 14, 2020 | LPL Financial Research

Daily Insights

Equities grind higher. The S&P 500 Index is tracking toward another weekly gain, following last week’s more than 3% advance. We see technical support for the S&P 500 at the 50-day moving average (about 4% below current levels) as well as the 3030 level, but the technicals of other key markets need watching as well. Continue reading