Market Blog
Index Performance – Week ending 6/5/2020
S&P 500 Index: 4.9%
Dow Jones Industrial Average: 6.9%
Nasdaq Composite: 3.4%
Author: lplresearch
Market Update: Fri, Jun 5, 2020 | LPL Financial Research
DAILY INSIGHTS
Stocks continue impressive run. US stocks opened sharply higher after the May nonfarm payrolls came in 10 million better than expected (no, that is not a typo), with the S&P 500 Index looking at its third consecutive weekly gain. Global markets continued to rally on an otherwise slow news day, with the usual suspects of better high-frequency economic data, no new spike in COVID-19 cases, and record stimulus all cited to reasons for the record run. Continue reading
Shock Gain In US Payrolls
Economic Blog
It appears optimistic stock investors have for the moment won out versus more dour economic forecasters. Continue reading
Market Update: Thur, Jun 4, 2020 | LPL Financial Research
DAILY INSIGHTS
Stocks opened lower. The S&P 500 Index is going for a five-session win streak after locking in its biggest 50-day rally in its history. Stocks pared earlier losses after the European Central Bank (ECB) stimulus announcement before pulling back on disappointing jobless claims data. Overnight, Asian markets were flat to slightly higher, while Europe’s Stoxx 600 Index is lower after post-stimulus-announcement gains faded. Continue reading
Best 50-Day Rally Ever
Market Blog
In many ways, what we’ve seen so far in 2020 has been both record-breaking and devastating. From the S&P 500 Index peak on February 19 to the bear market lows March 23, stocks lost 33.9%. Now, 50 trading days later, stocks have gained 39.6%, for the largest 50-day rally since the S&P 500 moved to 500 stocks in 1957. Continue reading
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
Street View: Are You Confused Yet?
Market Blog
The stock market keeps going higher, yet the economic data remains some of the worst we’ve ever seen. This incredible disconnect has a lot of investors quite confused as to what is really happening. Continue reading