Economic Blog
With Election Day a mere five days away, we at LPL Research thought we would add one last election forecaster to the mix of what we’ve presented over the last several months—as much because of what it might tell us about the American electorate as what it might tell us about the election. Continue reading
Daily Insights
Stocks sell off amid Thursday’s rally
The market shrugged off COVID-19 new case numbers and ended Thursday higher. This followed Wednesday’s decline in which the S&P 500 Index pulled back the most since June of this year. Continue reading
Economic Blog
The outbreak of COVID-19 and the subsequent lockdowns triggered the largest quarter over-quarter decline in gross domestic product (GDP) since WWII, so perhaps it comes as no surprise that the following quarter tallied the sharpest rebound in that same time period. GDP expanded 33.1% on an annualized basis in the third quarter, ahead of Bloomberg consensus expectations of 32%, fueled by the continued reopening of businesses and reversing much of the economic fallout stemming from COVID-19-related lockdowns. Continue reading
Daily Insights
Stocks were lower Wednesday, October 28—historically the best day of the year for the stock market—as the latest COVID-19 outbreak and election uncertainty weighed. Today market participants will take cues from the GDP report, jobless claims, and earnings reports from some of the biggest names in tech. Continue reading
Economic Blog
As the US economy transitions from lockdowns—where 90% of Americans were under a stay-at-home order—to continued reopening, we assess the state of American consumer confidence to spend despite the persistent COVID-19 outbreak. Continue reading
Daily Insights
Markets react to COVID-19 increases and stimulus gridlock. Value groups dragged on the market, while technology stocks continued their run amid stimulus deal talks, helping lift the Nasdaq Tuesday. Continue reading
Market Blog
In the recent LPL Market Signals video, LPL Financial Chief Market Strategist Ryan Detrick, Asset Allocation Strategist Dr. Barry Gilbert, and LPL Government Relations AVP Nana Nyanin discussed the upcoming election, the economy, and more, including: Continue reading
Market Blog
Historically it has been unwise to attempt to “play” the stock market ahead of an election in an attempt to position based on perceived implications of a president’s policies, but the municipal bond market may be more susceptible to the results of this election. As stimulus talks in Washington appear stalled but not officially over, we outline the potential for investment opportunity in the municipal bond market going forward. Continue reading
Daily Insights
Stimulus, COVID-19 concerns send S&P 500 Index to worst day in a month. Weakness in travel and leisure stocks highlighted rising COVID-19 concerns. At the same time, there was little sign of a large rotation trade. Continue reading
Market Blog
With the election only eight days away and earnings season in full swing, stocks have bucked the usual October weakness during election years so far in 2020 (Monday’s losses notwithstanding). The good news is this could continue, as one of the best days of the year is right around the corner. Continue reading