Market Update: Monday, September 17, 2018

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Daily Insights

  • New LPL Market Signals Podcast. In case you missed it, listen to Senior Market Strategist Ryan Detrick and Equity Strategist & Portfolio Manager Jeffrey Buchbinder talk about pullbacks in emerging markets, the manufacturing sector’s continued strength, and other factors affecting the current economic cycle. Please join our discussion on social via #LPLMarketSignals.

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Weekly Update 9/14/2018 – Central Bank Meetings Abound, but Trade Still the Focus

US: S&P 500 Index +1.2%, Dow +0.9%, Nasdaq +1.4%
Europe: STOXX Europe 600 +1.1%, German DAX +1.4% France CAC 40 +1.9%, U.K. FTSE 100 +0.36%
Asia: Japan Nikkei +3.5%, China Shanghai Composite -0.8%, Korea KOSPI  +1.6%
Rates/Commodities: 10-Year Treasury yield +5 basis points to 2.99%, WTI crude oil +1.3%, COMEX gold +0.4%

It was a mostly upbeat week for global markets as investors moved back into the market, pushing regional equity indexes up and bond prices down. Monetary policy meetings were held by the central banks of Europe, England, Russia, and Turkey. Continue reading

Market Update: Friday, September 14, 2018

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Daily Insights

  • New LPL Market Signals Podcast. In case you missed it, listen to Senior Market Strategist Ryan Detrick and Equity Strategist & Portfolio Manager Jeffrey Buchbinder talk about pullbacks in emerging markets, the manufacturing sector’s continued strength, and other factors affecting the current economic cycle. Please join our discussion on social via #LPLMarketSignals.

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Market Update: Thursday, September 13, 2018

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Daily Insights

  • Hurricane Florence. Our thoughts go out to the millions of people that will be affected by Florence over the coming days. Many of you have also been asking what impact hurricanes can have on the markets, so we’d like to offer some insights and reassurance on that front. According to research from CFRA, looking at the 15 hurricanes in U.S. history that caused the most damage from a financial perspective (in other words, the most expensive hurricanes), the S&P 500 Index was down 0.2% a month after the hurricane formed, but was higher by 3.9% on average three months later.

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Market Update: Wednesday, September 12, 2018

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Daily Insights

  • New LPL Market Signals Podcast. In case you missed it, listen to Senior Market Strategist Ryan Detrick and special guest Equity Strategist and Portfolio Manger Jeffrey Buchbinder talk about pullbacks in emerging markets, the manufacturing sector’s continued strength, and other factors affecting the current economic cycle. Please join our discussion on social via #LPLMarketSignals.

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Will Long-Awaited Wage Growth Push Rates Higher?

Ever since the great recession and subsequent recovery, investors have been wondering when inflation will finally show up. One key factor contributing to still low inflation (although not the only factor) is that wage growth has been slow to materialize, even as the unemployment rate has continued to trend lower—confounding the experts. Investors may see things start to turn around now, however, with the August nonfarm payrolls report showing that average hourly earnings grew at an annualized 2.9% during the month, handily topping the 2.7% consensus estimate of economists and marking the highest growth rate since April 2009. But, does burgeoning wage growth mean that bond yields are going to move higher? Continue reading

Market Update: Tuesday, September 11, 2018

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Daily Insights

  • New LPL Market Signals Podcast. In case you missed it, listen to Senior Market Strategist Ryan Detrick and special guest Equity Strategist and Portfolio Manger Jeffrey Buchbinder talk about pullbacks in emerging markets, the manufacturing sector’s continued strength, and other factors affecting the current economic cycle. Please join our discussion on social via #LPLMarketSignals.

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