Market Update: Tue, July 9, 2019 | LPL Financial Research

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Daily Insights

Global indexes pause ahead of a busy week. U.S. stocks and global indexes are down modestly this morning as markets await a busy week of Federal Reserve (Fed) speakers. Fed Chair Jerome Powell will give his semi-annual testimony before House and Senate committees tomorrow and Thursday, respectively. Continue reading

Market Leadership Midway in 2019

The S&P 500 Index gained 17.4% during the first half of 2019, the best start to a year for the stock market since 1997, and its tenth-best start since 1950. “It’s tough to be critical of this market after such a strong start to 2019, but we would prefer that stocks were less reliant on monetary policy support from the Fed,” said LPL Chief Investment Strategist John Lynch. “At some point that support won’t be there, and traditional economic and market fundamentals will matter much more, although maybe not quite yet.”

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Weekly Market Drivers | LPL Financial Research

What Might Stop Stocks From Continuing Their Ascent?

US: S&P 500 Index +1.7%, Dow +1.2%, Nasdaq +1.9%
Europe: STOXX Europe 600 +1.4%, German DAX +1.4% France CAC 40 +1.0%, U.K. FTSE 100 +2.4%
Asia: Japan Nikkei +2.20%, China Shanghai Composite +1.1%, Korea KOSPI -0.9%
Rates/Commodities: 10-Year Treasury yield +4 basis points to 2.04%, WTI crude oil -1.3%, COMEX gold: -1.3%

In a holiday-shortened week due to the observance of Independence Day, stocks posted yet another strong week of gains on the back of increasingly positive sentiment following the G20 Summit in Japan, pushing the S&P 500, Nasdaq Composite, and Dow Jones Industrial Average to new all-time highs. Continue reading

Happy Birthday, And Another Record Goes Down

“If you’re looking for something to discuss at your barbecue while watching fireworks, be sure to mention this is now the oldest economic cycle in history at 121 months old,” explained LPL Senior Market Strategist Ryan Detrick. That’s right, this cycle just topped the previous record of 120 months from the 1990s technology boom.

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Market Update: Wed, July 3, 2019 | LPL Financial Research

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Daily Insights

Shortened market session today, U.S. markets closed tomorrow for July 4 holiday. Trading is expected to be light when markets reopen on Friday, both a summer Friday and a bridge day from the holiday to the weekend. The U.S. jobs report for June will be released on Friday, and any large surprise may create more volatility than it usually would due to light volume. Continue reading

10-Year Treasury Yields Look Up

The 10-year Treasury yield has been flirting with dipping below 2% throughout the later half of June and into the start of July.  As our LPL Chart of the Day, Will Trade Truce Help 2% 10-Year Treasury Yield Hold?, shows, the yield has not ended the day below 2% since November 2016, and it reached its cycle low of 1.37% almost exactly three years ago on July 8, 2016.

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