Market Update: Mon, Jun 15, 2020 | LPL Financial Research

DAILY INSIGHTS Last week’s slide continues. US stocks opened about 2% lower this morning amid rising concerns of a second wave of COVID-19. The pullback in the S&P 500 Index since June 8 has only reached 6% and may have further to go. Europe held up slightly better on healthcare sector resilience, while Asian markets fell broadly, with […]

June 15, 2020

Green Shoots in Real-Time Economic Data

Economic Blog Real-time data continues to provide valuable insight into the current state of the US economy even as traditional economic data is too slow to pick up changes that are occurring. Today we revisit some of the real-time data points that we are monitoring and find that while there is clearly a long way […]

Market Update: Tues, Jun 16, 2020 | LPL Financial Research

DAILY INSIGHTS S&P 500 continues to climb following latest Fed announcement. The S&P 500 Index rebounded dramatically Monday following the Federal Reserve’s (Fed) announcement that it would start to buy a portfolio of individual bonds and is off to a solid start again this morning. Stocks got an additional boost this morning from a very strong retail sales report and […]

June 16, 2020

What Happens After Historic Rate Declines?

Economic Blog The yield on the 10-year Treasury yield has been broadly declining since the early 1980s, when it peaked over 15%, but even over that long decline there have been intermittent periods of rising rates. In fact, after periods of especially large decline there has usually been an extended reversal over the next 1-2 […]

Retail Sales Beat Shows Consumers Coming Back Strong

Economic Blog COVID-19 has decimated global demand as lockdowns materially re-shaped consumer and business behavior. Even as states have begun to re-open, significant questions remain about how demand could recover. The May retail sales print provided one of the first glimpses of that answer, rising 17.7% month over month and marking the largest monthly gain […]

June 17, 2020

Leading Indicators Turn Positive

Economic Blog Yesterday, The Conference Board released last month’s reading for its Leading Economic Index (LEI), a composite of leading data series, which showed a month-over-month increase of 2.8%. As seen in the LPL Chart of the Day, the return to positive territory follows three straight months of negative monthly growth. ”We noted that the […]

June 23, 2020

Moving to the Next Phase on the Road to Recovery

Market Blog The US economy has made impressive progress in recent weeks. As the economy re-opens, the way we assess the recovery has changed. In March and April, we were looking for evidence that growth in COVID-19 cases was decelerating—which thankfully it did—along with evidence that a recession was priced into stocks and that stimulus […]

Market Update: Wed, Jun 24, 2020 | LPL Financial Research

DAILY INSIGHTS Some weakness. Stocks in the United States opened lower, following global markets in the red. This comes on the heels of a strong run, with the Nasdaq on an eight-day winning streak. Concerns over spreading COVID-19 cases and attention to US-European Union (EU) trade are putting a damper on things. New tariffs? The Trump administration is considering […]

June 24, 2020

Market Update: Thurs, Jun 25, 2020 | LPL Financial Research

DAILY INSIGHTS Stocks struggling to regain footing. After Wednesday’s losses and headlines dominated by COVID-19, it won’t be easy for stocks to regain their footing today. The Nasdaq is holding up better and near flat this morning after its eight-session win streak ended yesterday. Asian markets were mixed on light holiday volume, with Japan among the laggards as […]

June 25, 2020

Market Update: Fri, Jun 26, 2020 | LPL Financial Research

DAILY INSIGHTS Stocks flat. US stocks opened slightly lower in the midst of higher COVID-19 numbers dominating the conversation. China’s market was closed Friday, but other Asian markets were green. European markets were also comfortably higher in midday trading, as the European Union offered to limit the scope of the digital tax it had threatened with […]

June 26, 2020