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
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 Blog
The stock market keeps going higher, yet the economic data remains some of the worst we’ve ever seen. This incredible disconnect has a lot of investors quite confused as to what is really happening. Continue reading
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
Market Blog
Index Performance – Week ending 5/29/2020
S&P 500 Index: 2.97%
Dow Jones Industrial Average: 3.74%
Nasdaq Composite: 1.77%
Market Blog
On Wednesday, the S&P 500 Index closed above its 200-day moving average for the first time since March 4. While that move marks an important milestone for an index that has rebounded more than 35% from its March 23 low, we believe market internals may paint an even more promising picture for future stock returns. Continue reading
DAILY INSIGHTS
LPL Research on Yahoo! Finance. LPL Financial Senior Market Strategist Ryan Detrick joined Yahoo! Finance Thursday to discuss the current trends and events impacting markets around the globe. Watch the full interview. Continue reading
Economic Blog
Despite the gradual reopening of the economy in several states, sentiment on Main Street remains suppressed, as the effects of COVID-19 appear to be keeping a lid on American optimism in the most recent Federal Reserve (Fed) Beige Book. Continue reading
DAILY INSIGHTS
Stocks opened slightly higher. Amid increasing skepticism about whether the rally is justified, today the S&P 500 Index will try to add to Wednesday’s strong gains that propelled it over its 200-day moving average for the first time since March and above the psychologically important 3,000 level. Continue reading
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