Bond Markets Not Yet Believers

Economic Blog

The S&P 500 Index has rallied mightily off of its March 23 low, climbing almost 40% through the close of the market yesterday, as market participants look ahead to the economy continuing to gradually reopen. While there are signs that bond market participants’ overall assessment of the economy is slowly edging toward a similar outlook, it’s hard to call them true believers yet. Continue reading

Market Update: Wed, Jun 3, 2020 | LPL Financial Research

DAILY INSIGHTS

Stocks open higher again. Equities are higher across the globe on continued optimism of economies reopening, along with surprisingly strong services data out of China, which shows the world’s second-largest economy continues to recover. Better high-frequency economic data and massive fiscal and monetary stimulus are helping confidence. Continue reading

Market Update: Tues, Jun 2, 2020 | LPL Financial Research

DAILY INSIGHTS

Bond markets slowly gaining confidence. The 10-year Treasury yield has crawled only a little bit higher, but it’s moved in the right direction and is now sitting about 0.5% above the 2-year yield, while credit spreads continue to narrow. Bond markets have not shown the economic optimism that stocks have, but signs of a more positive outlook are starting to appear. Continue reading

2020 In Charts

Market Blog

2020 is only five months old, but in many ways it is one of the most historic years we’ve ever seen. “2020 went from moving along nicely, to seeing the worst recession in a generation and the fastest bear market ever,” explained LPL Financial Senior Market Strategist Ryan Detrick. “Now stocks are in the midst of one of the best bull runs ever, even though the economy remains extremely weak, thanks to record stimulus and hopes over a vaccine.” Continue reading

Market Update: Mon, Jun 1, 2020 | LPL Financial Research

DAILY INSIGHTS

Stocks opened lower. Stocks are down slightly this morning as investors weigh progress toward reopening economies and stimulus packages versus escalating US-China tensions and unrest in many US cities. Overnight the MSCI Asia Pacific Index climbed 1.6%, while the Stoxx 600 Index in Europe is solidly higher in midday trading. Continue reading