Market Update: Mon, Sept 14, 2020 | LPL Financial Research

Daily Insights

Stocks opened solidly higher. Stocks are getting back a chunk of last week’s losses this morning, led by technology and boosted by vaccine optimism. It’s “Merger Monday” with large deals announced in the semiconductor and biotech industries, along with the news that Oracle appears to have won the TikTok sweepstakes. European markets are mixed in midday trading, while Asian markets closed broadly higher. Continue reading

Market Update: Thu, Sept 10, 2020 | LPL Financial Research

Daily Insights

Stocks opened higher after reversing earlier losses. European markets are slightly lower in midday trading after the European Central Bank left policy unchanged. Asian markets finished mixed—China’s Shanghai Composite and Hong Kong’s Hang Seng closed lower, while Japan’s Nikkei and South Korea’s KOSPI rose. The market continues to find a balance among: Continue reading

5 Lessons Learned About Rising Rates

Economic Blog

While the direction of the 10-year Treasury yield over the last cycle was decidedly lower, as shown in LPL’s Chart of the Day, there were still six extended periods where it rose at least 0.75%, and in two of those it rose almost 2%. Looking ahead, economic growth below potential, slack in the labor market, and an extremely supportive Federal Reserve (Fed) may limit rate pressure in the near term, but with interest rates already low and massive stimulus in place, we believe the overall direction is likely to be higher. Continue reading

Market Update: Wed, Sept 9, 2020 | LPL Financial Research

DAILY INSIGHTS

Equity markets rebound. US stocks opened solidly higher this morning to rebound from Tuesday’s sell-off. The outsized summer advance after the best August in over 30 years, still-elevated COVID-19 infections, US-China tensions, and skepticism concerning the economic rebound are among reasons cited for the pullback. European stocks were higher midday, while the major Asian markets finished lower overnight. Continue reading