Market Blog
In the recent LPL Market Signals video, LPL Financial Chief Market Strategist Ryan Detrick and Equity Strategist Jeff Buchbinder discussed recent equity weakness and why it isn’t a major warning, along with COVID-19 worries and more, including: Continue reading
The first presidential debate is now in the books, with two more (maybe) ahead and a vice presidential debate on October 7. The debate was raucus, occasionally uncouth, and more than a little surreal for viewers at home. But did anything happen that could potentially move markets? Probably not. Continue reading
Daily Insights
Stocks opened higher. US equities reversed earlier losses following a contentious US presidential debate Tuesday night that raised more questions of a potentially contested election. On the flipside, House Speaker Nancy Pelosi noted positive discussions with US Treasury Secretary Steven Mnuchin regarding an upcoming COVID-19 stimulus deal. Asian markets were mixed overnight; European shares are little changed. Continue reading
Market Blog
An old Wall Street adage says bond markets are smarter than equity markets, so when stocks encounter volatility, investors often look to the bond market for clues about the potential severity of equity market weakness. Continue reading
Daily Insights
S&P 500 Index opens near flat after gains in four out of the last five sessions. US stocks saw broad gains Monday with a cyclical tilt as value stocks, led by energy and financials, kept pace with growth; small caps outgained large. Asian markets were mixed overnight and European shares are showing modest losses at midday. Market participants take stock ahead of the first presidential debate. Continue reading
Market Blog
The first presidential debate is tonight, September 29, with millions of people expected to tune in to see how each candidate handles the pressure. With tensions heightened amid an election that may be much closer than the polls currently suggest, any potential mistake could be magnified exponentially. Continue reading
Daily Insights
Stocks moving higher. US stocks opened in the green this morning following last Friday’s rally. The S&P 500 Index was down four consecutive weeks for the first time in more than a year. It hasn’t been down five in a row since six in a row in 2011. There is increasing hope of a bipartisan stimulus relief package per House Speaker Nancy Pelosi’s comments Sunday. Asian markets are mostly higher, with the Hang Seng and Nikkei up over 1%. Europe is solidly higher with the German market up over 3%. Continue reading
Market Blog
Index Performance
S&P 500 Index: -0.6%
Dow Jones Industrial Average: -1.8%
Nasdaq Composite: 1.1%
Market Blog
The September weakness continued with the S&P 500 Index 9.6% off the all-time high set on September 2 (as of 9/23/20). It is important to remember that after a 60% rally in the S&P 500—and much more in some of the large cap tech stocks—this type of seasonal weakness is normal and expected. Continue reading
Daily Insights
Markets pull back. US equities are giving back some ground this morning, and that may mean the first four-week losing streak for the S&P 500 Index since August 2019. Headlines are quiet today. Democrats in the US House of Representatives are working on a stimulus package in the range of $2.2 trillion, but no deal with Republicans is near. Continue reading