Author: lplresearch

49ers Or Chiefs?

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MARKET BLOG

The Super Bowl Indicator suggests stocks rise for the full year when the Super Bowl winner has come from the original National Football League (now the NFC), but when an original American Football League (now the AFC) team has won, stocks have fallen. We would be the first to admit that this indicator has no connection to the stock market, but “data don’t lie”: The S&P 500 Index has performed better, and posted positive gains with greater frequency, over the past 53 Super Bowl games when NFC teams have won. Continue reading →

Market Update: Wed, Sep 18, 2019 | LPL Financial Research

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Daily Insights

Fed decision today. The S&P 500 Index set to open relatively flat ahead of the Federal Reserve (Fed) rate decision. The Fed is expected to announce that it is cutting its policy rate by 25 basis points (0.25%) this afternoon at 2 p.m. ET. After the release of the policy statement, Fed Chair Powell will hold a press conference with Q&A at 2:30 p.m. ET. Continue reading →

Weekly Market Drivers | LPL Financial Research

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Markets Get Skittish after Fed Cut, New Tariffs

US: S&P 500 Index -3.10%, Dow -2.6%, Nasdaq -3.9%
Europe: STOXX Europe 600 -3.22%, German DAX -4.4% France CAC 40 -3.6%, U.K. FTSE 100 +0.5%
Asia: Japan Nikkei -2.1%, China Shanghai Composite -2.6%, Korea KOSPI -1.0%
Rates/Commodities: 10-Year Treasury yield -22 basis points to 1.85%, WTI crude oil -4.5%, COMEX gold: +1.9%

Markets experienced a jolt of volatility this week, pushing the S&P 500 Index to its largest weekly decline since December 2018 following the much-anticipated Federal Reserve (Fed) meeting on Wednesday. Continue reading →