Market Update: Fri, Nov 22, 2019 | LPL Financial Research

Daily Insights

Technicals still lean bullish. U.S. stocks are slightly higher this morning amid trade headlines, but the S&P 500 Index is still poised for its first weekly loss since early October. We have yet to see a concerning breakdown in technicals, as it looks like stocks are simply consolidating strong gains from the past several weeks. Continue reading

Market Update: Thurs, Nov 21, 2019 | LPL Financial Research

Daily Insights

Conflicting signals. U.S. stocks are little changed this morning as conflicting trade headlines pour in. The S&P 500 Index declined on November 20, notching its first string of consecutive declines since October 8, after reports suggested the United States and China may not finalize a limited trade agreement by the end of the year. Continue reading

Market Update: Fri, Nov 15, 2019 | LPL Financial Research

Daily Insights

Seasonal uptrend. It’s beginning to look a lot like a Santa Claus rally as the S&P 500 Index pushes toward its ninth record high in three weeks. The S&P 500 hasn’t posted two consecutive declines for 27 trading days, the longest streak since January 2012. The benchmark also just broke a 24-day streak of being above–but not touching on an intraday basis–its 10-day moving average, which was its longest streak since March 1998. Stocks have crept higher in an unusually calm fashion, with the S&P 500 trading in a range smaller than 1% in 24 straight trading sessions. Continue reading

Market Update: Thurs, Nov 14, 2019 | LPL Financial Research

Daily Insights

Another record high. U.S. stocks are lower this morning, taking a step back after the S&P 500 Index’s seventh record high in three weeks. The benchmark eked out another record high on November 13, defying headlines suggesting the United States and China hit a snag in discussions of a limited trade agreement. Continue reading

Market Update: Wed, Nov 13, 2019 | LPL Financial Research

Daily Insights

More negative headlines. U.S. stocks are lower this morning after President Donald Trump said on November 12 that the United States would consider raising tariffs on China if a limited trade agreement isn’t reached. The statement weighed on the S&P 500 Index, which pared as much as 0.5% in intraday gains during Trump’s speech yesterday. Continue reading