Another round of upbeat China data. Targeted stimulus appears to be working following a series of better-than-expected data that included first quarter gross domestic product growth at +6.4% from the year ago period, ahead of consensus expectations for a 6.3% increase and in line with the prior quarter. Continue reading
The U.S. inflation narrative has flipped, which has caused some bond-market angst recently.
Deteriorating global conditions have shifted the economic landscape and fueled concerns that inflationary pressures could be too low, hinting to an impending U.S. economic slowdown. The 10-year Treasury yield slid to a 15-month low in March as bond investors priced weakening inflation into rates, briefly inverting the yield curve (short-term rates moving higher than longer-term rates).
Global rate rally. Long-term rates have rallied around the world recently, likely in response to a Brexit delay, progress in trade talks, and improving China data. Continue reading
We appreciate the opportunity to exchange information and ideas with LPL advisors on social media. Here are some recent shares from March, when LPL advisors focused on market trends and Outlook 2019 guidance:
Weekly Market Drivers: Last week’s market drivers included solid U.S. labor market data, the unofficial start of first quarter earnings season, and further signs of political and structural stress in Europe. Check out Friday’s Weekly Market Drivers post on the LPL Research blog for more insight. Continue reading
Late-Week Gains Gush U.S. Equities Into Positive Territory
US: S&P 500 Index +0.5%, Dow -0.1%, Nasdaq +0.6%
Europe: STOXX Europe 600 -0.18%, German DAX -0.1% France CAC 40 +0.5%, U.K. FTSE 100 -0.4%
Asia: Japan Nikkei +0.3%, China Shanghai Composite -1.8% Korea KOSPI +1/1%
Rates/Commodities: 10-Year Treasury yield +7 basis points to 2.56%, WTI crude oil +0.8%, COMEX gold: +0.0%
U.S. stocks traded in a tight range this week before a string of bank earnings on Friday boosted the S&P 500 Index comfortably into positive territory. Continue reading
Wonder how fast gross domestic product might grow as this economic cycle ages? Or how stocks have performed historically after strong first quarter stock market rallies like the S&P 500 index enjoyed during Q1? Need a chart to add to your website, tweet, or presentation to help illustrate a financial concept for your clients?
Quiet week for equities. Thus far this week, the S&P 500 Index has traded in a less than 1% range, a welcome way to consolidate gains following one of the best first quarters in history. Continue reading
First quarter earnings season begins this week with some big banks reporting on Friday. While we think profit growth will finish around flat overall, an improving macro backdrop points to better growth ahead.
Brexit decision delayed-again. Last night EU leaders approved a six-month delay for a Brexit decision, through October 31, though an earlier exit is still possible if an agreement can be reached. Though opinions varied on the length of the delay, this outcome was widely expected. Continue reading