Market Update: Mon, Jun 3, 2020 | LPL Financial Research

DAILY INSIGHTS

Bond markets slowly gaining confidence. The 10-year Treasury yield has crawled only a little bit higher, but it’s moved in the right direction and is now sitting about 0.5% above the 2-year yield, while credit spreads continue to narrow. Bond markets have not shown the economic optimism that stocks have, but signs of a more positive outlook are starting to appear. Continue reading

2020 In Charts

Market Blog

2020 is only five months old, but in many ways it is one of the most historic years we’ve ever seen. “2020 went from moving along nicely, to seeing the worst recession in a generation and the fastest bear market ever,” explained LPL Financial Senior Market Strategist Ryan Detrick. “Now stocks are in the midst of one of the best bull runs ever, even though the economy remains extremely weak, thanks to record stimulus and hopes over a vaccine.” Continue reading

Market Update: Mon, Jun 1, 2020 | LPL Financial Research

DAILY INSIGHTS

Stocks opened lower. Stocks are down slightly this morning as investors weigh progress toward reopening economies and stimulus packages versus escalating US-China tensions and unrest in many US cities. Overnight the MSCI Asia Pacific Index climbed 1.6%, while the Stoxx 600 Index in Europe is solidly higher in midday trading. Continue reading

COVID-19 In Charts

Market Blog

The S&P 500 Index flirted with closing above 3,000 yesterday, even as much of the economic data is some of the worst we’ve ever seen in our lifetimes. We are often asked how this is possible. The reality is the double backstop of historic fiscal and monetary policy combined with optimism over a potential vaccine coming before the end of 2020 has created a surge of market confidence, leading to a massive equity rally. Continue reading