Author: lplresearch

Weekly Market Performance – August 14, 2020: Markets Moving Forward

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Market Blog

Index Performance

S&P 500 Index:  .6%

Dow Jones Industrial Average:  1.8%

Nasdaq Composite:  .1%

 

Equities

Markets were broadly higher for the week, with the Nasdaq the laggard as the rotation to cyclical value sectors remained the primary theme. Most sectors were positive, with industrials leading, while real estate and utilities were this week’s laggards. Small and mid-cap equities posted modestly higher returns while value remained the leader. Continue reading →

Road to Recovery Playbook: Peak COVID-19 Cases

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Market Blog

We continue to follow our Road to Recovery Playbook for help determining where the market is in its bottoming process and yesterday we upgraded Signal #1, confidence in timing of a peak in new COVID-19 cases, to “Already there.”

“Three of the five signals from our Road to Recovery Playbook are now in place,” said LPL Financial Equity Strategist Jeffrey Buchbinder. “With the S&P 500 Index more than 25% off its lows, stocks are no longer pricing in a recession and are no longer oversold from a technical analysis perspective, making the near-term risk-reward trade-off less favorable. We believe a more attractive entry point may emerge soon.” Continue reading →

Market Update: Wed, Jan 22, 2020 | LPL Financial Research

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Daily Insights

Stocks rebound. U.S. stocks are higher this morning, rebounding from the S&P 500 Index’s 0.3% decline that kicked off this holiday-shortened week. Investors are watching a stream of earnings reports this morning as the fourth quarter earnings season heats up. Global stocks are also higher on news that China is taking measures to contain an outbreak of a deadly respiratory virus. Continue reading →

Consumer Inflation Picks Up

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Economic Blog

Consumer inflation has surged back after a strong quarter of U.S. consumer demand.

As shown in the LPL Chart of the Day, Consumer Inflation Picks Up in July, the core Consumer Price Index (CPI), which excludes food and energy prices, rose 2.2% year over year last month, its fastest pace of growth in six months. Core CPI has climbed 0.3% month over month in June and July, its biggest two-month gain since 2005.

Continue reading →