Market Update: Mon, Aug 19, 2019 | LPL Financial Research

Daily Insights

Solid earnings considering the stiff headwinds. With only about 30 S&P 500 Index companies left to report results, second quarter 2019 earnings for the index are tracking down 0.7% year over year according to FactSet, above June 30, 2019, estimates (-2.7%) despite a 1.5 percentage point drag from Boeing. Continue reading

Productivity Picks Up

Economic Blog

U.S. economic data has been sound this week, providing investors with good news amid a wave of conflicting headlines and market volatility.

Second quarter nonfarm productivity, released August 15, was an especially encouraging report. As shown in the LPL Chart of the Day, Nonfarm Productivity Picks Up, nonfarm productivity climbed 2.3% in the second quarter and 1.8% year over year.

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Market Update: Fri, Aug 16, 2019 | LPL Financial Research

Daily Insights

Stocks rebound. Global stocks are modestly higher this morning after a volatile week of trade headlines and yield curve concerns. The S&P 500 Index closed down 2.4% for the week through Thursday, heading for its third straight weekly loss after two significant selloffs on Monday and Wednesday. Continue reading

Market Update: Thurs, Aug 15, 2019 | LPL Financial Research

Daily Insights

Stocks trying to hold early-morning rebound. After the S&P 500 Index’s nearly 3 percent decline yesterday, stocks are trying to regain their footing this morning amid another flurry of trade headlines and yield curve inversion concerns (please see yesterday’s LPL Research blog). Continue reading

A Closer Look at Technical Support

Market Blog

We continue to believe there is technical support for the S&P 500 Index as discussed in our August 9 blog, and we’re already seeing some signs of the pessimism that is necessary for forming a bottom. The negative sentiment intensified August 14 following the inversion of the yield curve (discussed in our August 14 blog), so today we want to take a closer look at some key levels the LPL Research team is watching.

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Market Update: Wed, Aug 14, 2019 | LPL Financial Research

Daily Insights

Global stocks decline. Global stocks are down this morning following a strong day for U.S. markets fueled by upbeat trade headlines. The S&P 500 Index rose 1.5% yesterday after the United States announced it would delay some tariffs scheduled to go into effect September 1, and resume trade talks with China in September. Continue reading

Consumer Inflation Picks Up

Economic Blog

Consumer inflation has surged back after a strong quarter of U.S. consumer demand.

As shown in the LPL Chart of the Day, Consumer Inflation Picks Up in July, the core Consumer Price Index (CPI), which excludes food and energy prices, rose 2.2% year over year last month, its fastest pace of growth in six months. Core CPI has climbed 0.3% month over month in June and July, its biggest two-month gain since 2005.

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Market Update: Tues, Aug 13, 2019 | LPL Financial Research

Daily Insights

Earnings continue gradual improvement. With 90% of S&P 500 Index companies’ results in, second quarter 2019 earnings are tracking down -0.7% year over year, above June 30 estimates of -2.7% despite a more than 1 percentage point drag from Boeing and a modest improvement over the prior week. Continue reading

Market Update: Mon, Aug 12, 2019 | LPL Financial Research

Daily Insights

Earnings continue gradual improvement. With 90% of S&P 500 Index companies’ results in, second quarter 2019 earnings are tracking down -0.7% year over year, above June 30 estimates of -2.7% despite a more than 1 percentage point drag from Boeing and a modest improvement over the prior week. Continue reading