LPL Market Signals: Welcome to LPL Focus 2021!

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Market Blog

Thursday, August 5, 2021

This week kicked off LPL Focus! Focus is LPL Financial’s biggest annual event. More than 10,000 people will attend virtually this year and this week in the LPL Market Signals podcast Jeff Buchbinder, Ryan Detrick, and Marc Zabicki discuss the upcoming conference, while focusing on stocks and the economy.

Focus Talk

This is Marc’s first Focus, Ryan’s sixth, and Jeff is up to 15! All three are looking forward to chatting with our Advisors and helping them help their clients. Ryan is especially excited about hearing from Coach K, which is definitely going to be a huge highlight of the week. All in all, to pull off Focus takes an army of dedicated people and we are so excited to get out there and hang out with our Advisors.

Stock Talk

Jeff discussed that earnings have blown away expectations again in the second quarter and will end up breaking more records. S&P 500 earnings are tracking to an 87% year-over-year increase, about 23 percentage points above the consensus estimate when earnings season began with record-high percentages of companies beating revenue and earnings expectations. Just as impressive, forward estimates have moved higher during earnings season, suggesting corporate America’s strong momentum is likely to continue. With stocks at all-time highs, we continue to think the strong earnings are helping to justify stocks at current levels.

Economy

Marc finished up the discussion by taking a look at some recent economic data, which is still extremely strong, but could be showing some signs of peaking. Remember, peaking doesn’t mean the ride is over, as we continue to expect a strong economy the rest of this year.

Tune In Now

Listen to the entire podcast to get the LPL strategists’ views and insights on current market trends in the US and global economies. To listen to previous podcasts go to Market Signals podcast. You can subscribe to Market Signals on iTunes, Google Podcasts, or Spotify and find us on the LPL Research YouTube channel.

You can watch the full video below and directly on our YouTube channel. Please be sure to subscribe to the LPL Research YouTube channel so you don’t miss anything! Also, if you like our channel, please give us a positive review—it helps more than you know!

 

IMPORTANT DISCLOSURES

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.

There is no guarantee that a diversified portfolio will enhance overall returns or outperform a non-diversified portfolio. Diversification does not protect against market risk.

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.

All index and market data from FactSet and MarketWatch.

This Research material was prepared by LPL Financial, LLC.

Securities and advisory services offered through LPL Financial (LPL), a registered investment advisor and broker-dealer (member FINRA/SIPC).

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.

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