US markets higher. US equities opened higher, bucking weakness in Europe and mixed results in Asia. Worries over escalating US-China tensions are growing. It is a quiet news day, but this morning, Fed Chair Powell is scheduled for a virtual meeting with the Peterson Institute for International Economics, with future policy and his views on negative rates to be front and center.
Big reversal day. The S&P 500 Index was up more than 0.5% Tuesday at the peak, but finished down more than 2%. The last time there was a reversal like that was March 20. Could this be the start of some weakness? We discuss stocks ripe for weakness in this week’s Weekly Market Commentary: Time for a Pause?
Will gold keep shining? Gold is up more than 12% for the year, greatly outperforming stocks. Worries about the economic slowdown and negative rates have helped push it higher. We think gold could continue to do well, and we discuss why we like the yellow metal later today on the LPL Research blog.
Small businesses sentiment flipped. The NFIB Small Business Survey for April showed current optimism dropped, but it didn’t drop as much as economists expected, and it didn’t drop as much as it did in March. The underlying positive is that small businesses continue to expect better times over the next six months.
This material is for general information only and is not intended to provide specific advice or recommendations for any individual. There is no assurance that the views or strategies discussed are suitable for all investors or will yield positive outcomes. Investing involves risks including possible loss of principal. Any economic forecasts set forth may not develop as predicted and are subject to change.
References to markets, asset classes, and sectors are generally regarding the corresponding market index. Indexes are unmanaged statistical composites and cannot be invested into directly. Index performance is not indicative of the performance of any investment and do not reflect fees, expenses, or sales charges. All performance referenced is historical and is no guarantee of future results.
Any 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 information is believed to be from reliable sources; however, LPL Financial makes no representation as to its completeness or accuracy.
This Research material was prepared by LPL Financial, LLC.
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 that is not an LPL affiliate, please note LPL makes no representation with respect to such entity.
- Not Insured by FDIC/NCUA or Any Other Government Agency
- Not Bank/Credit Union Guaranteed
- Not Bank/Credit Union Deposits or Obligations
- May Lose Value
For Public Use – Tracking 1-05010375