Market Update: Mon, Sep 16, 2019 | LPL Financial Research

Daily Insights

Stocks set to open lower. The S&P 500 Index is modestly lower this morning following a weekend attack on Saudi Arabian oil facilities that sent oil prices soaring higher. The attack occurred Saturday, knocking out 5.7 million barrels of daily production with President Trump authorizing the release of oil from the Strategic Petroleum Reserve to help offset the cost increases caused by the attack. Continue reading

Market Update: Fri, Sep 13, 2019 | LPL Financial Research

Daily Insights

Testing new highs. The S&P 500 Index closed 0.5% away from a record-high close yesterday, and the index is poised to test new highs in today’s trading. Recent gains in equities have been led by cyclicals, a trend that we’ve been watching as a sign of underlying strength in market breadth. Continue reading

Market Update: Thurs, Sep 12, 2019 | LPL Financial Research

Daily Insights

Inching toward record highs. U.S. stocks are poised for their sixth increase in seven trading sessions in a rally that has pushed the S&P 500 Index within 1% of record highs. This morning stocks are gaining on a delay in the start date of the next round of tariffs on China and a dovish European Central Bank (ECB) policy decision. Continue reading

Market Update: Wed, Sep 11, 2019 | LPL Financial Research

Daily Insights

Remembering 9/11. LPL Research pauses today to reflect and remember 9/11. Our team sends positive thoughts to first responders, families, and so many in our industry who were affected.

Stocks take a breather. The S&P 500 Index moved less than a point for the second straight day on Tuesday. U.S. stocks may have looked calm on the surface, but the small closing move masked a 1% trading range during the day and a strong rotation from momentum to value stocks. Continue reading

Market Update: Tues, Sep 10, 2019 | LPL Financial Research

Daily Insights

Yields climb. U.S. stocks are slightly lower, and the 10-year Treasury yield is slightly higher this morning on a second day of light news. The 10-year yield has bounced about 20 basis points (.20%) over the past five trading sessions, spurred by optimistic trade and geopolitical headlines. Continue reading

Market Update: Mon, Sep 9, 2019 | LPL Financial Research

Daily Insights

Stocks rise. Global stocks are higher this morning ahead of a busy two weeks, especially on the monetary policy front. The European Central Bank (ECB) is expected to announce more accommodation in the form of bond-buying, negative interest rates, or both at the conclusion of its policy meeting Thursday, September 12. Continue reading

Market Update: Fri, Sep 6, 2019 | LPL Financial Research

Daily Insights

Stocks break out. After trading in a 4% range for the entire month of August, the S&P 500 Index finally broke above its 50-day moving average amid signs of progress in the U.S.-China trade dispute. The benchmark rose more than 1% for the second day in a row, closing less than 2% from all-time highs set in late July. Continue reading

Market Update: Thurs, Sep 5 , 2019 | LPL Financial Research

Daily Insights

More U.S.-China talks scheduled. The S&P 500 Index is set for a second day of gains on news that lead trade negotiators will meet in early October in Washington, D.C. Global equities got a boost from the news, including a more than 2% gain for Japan. European markets are firmly in the green. However, odds of a major breakthrough still appear low given structural issues and lines in the sand from both sides. At this point, we would expect any progress to support stocks given widespread skepticism, in addition to generally favorable fundamentals and an accommodative Federal Reserve (Fed). Continue reading

Market Update: Tues, Sep 3, 2019 | LPL Financial Research

Daily Insights

Brexit volatility. Global stocks are modestly lower this morning, declining after their best week since June (according to the MSCI All-Country World Index) amid a wave of Brexit headlines. U.K. Prime Minister Boris Johnson threatened to hold a general election on whether or not the United Kingdom should leave the European Union (“Brexit“) if Parliament votes to delay the October 31 deadline. Continue reading