- LPL Research on CNBC. In case you missed it, LPL Research chief investment strategist John Lynch was on CNBC’s Squawk Box this morning talking markets. View the interview here.
It’s been a difficult stretch for fixed-income investors since yields bottomed in the summer of 2016.
As shown in the LPL Chart of the Day, the 2-year cumulative total return for the broad high-quality bond market (as represented by the Bloomberg Barclays Aggregate Index) is negative for the first time in nearly 40 years. Continue reading
Capital expenditures help increase productivity, and improved productivity is the foundation upon which developed economies can sustain higher growth rates. Recent data, some of which we highlighted yesterday, continue to confirm that we might be seeing a rebound in capex, but how can we know it’s sustainable? Continue reading
Capital spending is accelerating while several tailwinds are only just starting to kick in. Capital expenditures (capex) are being supported by several factors, including booming earnings, corporate tax cuts, immediate expensing of capital investments, repatriation of overseas cash, strong business confidence and deregulation. Continue reading
US: S&P 500 Index +0.0%, Dow -0.9%, Nasdaq +1.3%
Europe: STOXX Europe 600 +1.0%, German DAX +1.9%, France CAC 40 +1.0%, U.K. FTSE 100 +1.1%
Asia: Japan Nikkei +0.7%, China Shanghai Composite -1.5%, Korea KOSPI -1.9%
Global/Regional: MSCI ACWI +0.1% MSCI EM -0.9% MSCI EAFE +0.2%
Rates/Commodities: 10-Year Treasury yield -2 basis points to 2.92%, WTI crude oil -1.6%, COMEX gold -1.4%
Major U.S. indexes went their separate ways this week as the S&P 500 Index (flat), Nasdaq (rose), and Dow (fell) all reacted differently to a plethora of headline-generating events. Continue reading
The Federal Reserve (Fed) raised the fed funds target rate 25 basis points (0.25%) to a range of 1.75-2.00%, but that wasn’t news since the market knew it was coming; nor was the increase in median dot plot, which now suggests members expect four hikes total in 2018 instead of three. So what wasn’t expected? Continue reading