Market Update: Thurs, Apr 4, 2019 | LPL Financial Research

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March global manufacturing surveys point to stable overseas growth. Markit’s global manufacturing PMI was unchanged at 50.6 in March. According to economics research firm Capital Economics, this level is consistent with world gross domestic product (GDP) slightly below 3% in the first quarter (well below our 3.7% forecast from our Outlook 2019). Continue reading

Market Update: Wed, Apr 3, 2019 | LPL Financial Research

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China, Eurozone PMIs ease global growth fears. Services data out of China and the Eurozone allayed some jitters after March PMIs for both were better than expected. China’s reading came in at its highest level in over a year, bouncing off four month lows on stronger demand, new state policies, and improved access to financing. Continue reading

Market Update: Tue, Apr 2, 2019 | LPL Financial Research

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The U.S. debt binge. U.S. bond bulls are winning in the global search for yield. Negative-yielding debt has climbed to $10.4 trillion, its highest point since September 2016. At the same time, the 10-year Treasury yield fell 31 basis points (0.31%) in March as prices jumped, and the Bloomberg Barclays Aggregate Bond Index notched its best monthly performance in four years. Continue reading

Market Update: Fri, Mar 29, 2019 | LPL Financial Research

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Big Q1. The S&P 500 Index is on pace for one of its best first-quarter returns ever, and history suggests more gains could follow. Going back to 1950, after rising at least 10% in the first quarter, the S&P 500 added to those gains over the balance of the year 9 out of 10 times. We will take a closer look at this interesting development today on the LPL Research blog. Continue reading