Market Update: Wed, Nov 27, 2019 | LPL Financial Research

Daily Insights

Drifting higher. U.S. stocks are drifting higher once again this morning, with the S&P 500 Index poised for its third straight record high close. Risk sentiment has improved recently amid a new batch of optimistic trade headlines, and the absence of other market-moving news around the globe. Continue reading

Market Update: Mon, Nov 25, 2019 | LPL Financial Research

Daily Insights

Earnings update. Third quarter S&P 500 Index earnings barely budged after last week’s wave of retail results. S&P 500 profits are tracking to a 2.2% year-over-year decline last quarter, with over 480 S&P 500 companies having reported. While that year-over-year change is nearly 2 percentage points higher than September 30’s estimate, the upside is slightly less than recent trends. Continue reading

Leading Indicators Could Be Bottoming

Economic Blog
November 22, 2019

October’s leading indicators show the domestic economy could be bottoming.

The Conference Board’s Leading Economic Index (LEI) declined 0.1% in October, following a downwardly revised 0.2% decline in September. As shown in the LPL Chart of the Day, the LEI grew 0.3% year over year last month, tying June 2016 for the slowest growth of the expansion. Historically, year-over-year declines have preceded every U.S. recession since 1955, so we monitor this metric in our Five Forecasters.

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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

Fed Feeling Upbeat

Economic Blog
November 21, 2019

An upbeat economic outlook may be edging out elevated downside risks in the Federal Reserve’s (Fed) decision-making.

Minutes from the Fed’s October meeting showed policymakers discussed both dynamics at length, as they have at several meetings this year. The Fed ended up reducing the fed funds rate by 0.25%, citing low inflation and downside risks as reasons to lower the policy rate for a third time this economic cycle.

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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