Daily Insights
Stocks continue to grind higher. Major indexes opened higher today, with the S&P 500 Index already posting gains in three of the four days so far this week. The volatility that has marked the last three months has been nowhere to be found so far in 2019, Continue reading
Daily Insights
EM still looks like a better value than Europe. The MSCI Emerging Markets (EM) Index and S&P 500 Index are both trading at 5-6% discounts to their 25 year averages, while Europe is trading in line with its average, on a forward price-to-earnings ratio (PE) basis. Continue reading
Daily Insights
No deal. Yesterday was another bump in the road for Brexit after more than two-thirds of the U.K. Parliament voted against British Prime Minister Theresa May’s separation deal. Continue reading
Daily Insights
Treasury yield curve steepens, spread to investment grade widens. The Treasury yield curve steepened over the past week despite recent data suggesting global economic activity, particularly in China, ticked lower. Continue reading
Daily Insights
Weak Chinese trade data, the unofficial kickoff of fourth quarter earnings season, and the ongoing government shutdown are on investors radars this morning. Continue reading
Rebound continues on trade talk optimism, Fedspeak
US: S&P 500 Index +2.54%, Dow +2.43%, Nasdaq +3.45%
Europe: STOXX Europe 600 +1.69%, German DAX +1.11% France CAC 40 +0.93%, U.K. FTSE 100 +1.18%
Asia: Japan Nikkei +4.08%, China Shanghai Composite +1.55%, Korea KOSPI 3.25%
Rates/Commodities: 10-Year Treasury yield +4 basis points to 2.70%, WTI crude oil +10.18%, COMEX gold: +0.34%
Daily Insights
Stock rebound continues. After trading higher every day this week, the S&P 500 Index is now up more than 10% from its closing lows on Christmas Eve. Continue reading
Daily Insights
Resilient earnings expectations in developed international markets. In an environment where U.S. earnings have generally paced the globe, 2019 earnings estimates for the MSCI EAFE Index-mostly Europe with much of the rest in Japan-have actually held up better than those in the U.S. and emerging markets (EM) recently. Continue reading
Daily Insights
Make it three in a row. The S&P 500 Index rose for the third day in a row for the first time since ahead of the Midterm elections. In fact, stocks haven’t closed in the red since Federal Reserve (Fed) Chairman Jerome Powell said the Fed would be ‘patient’ in regards to its interest rate policy. Continue reading
Daily Insights
NEW LPL Market Signals Podcast. Chief Investment Strategist John Lynch and Senior Market Strategist Ryan Detrick are back for a second season of the Market Signals Podcast. In this week’s episode, our strategists discuss why 2019 could see a bear market without a recession. Subscribe to the free Market Signals podcast series on iTunes, Google Play, Spotify or wherever you get your podcasts!
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