Big Gains In November Steal From Santa

Market Blog Posted by lplresearch What a month November was! Here are some of the highlights: Best month for Dow since January 1987 (11.9%) and best November since 1928Best month ever for the STOXX 600 (16.7%)Best month ever for the Russell 2000 (18.3%)Best month for the S&P 500 (10.8%) and Nasdaq (11.8%) since April 2020Best month […]

December 2, 2020

Beige Book Shows Rising COVID-19 Cases Affecting Regional Growth

Economic Blog Posted by lplresearch COVID-19 cases have been on the rise in the US, particularly in the Midwest. This latest wave of the virus and related restrictions have begun to hamstring economic growth at a time when momentum was already fading as we entered the fourth quarter, based on the December iteration of the Federal […]

December 3, 2020

US Jobs Recovery Is Slowing

Economic Blog Posted by lplresearch The pace of US jobs growth slowed further in November, adding fuel to what’s been borne out by recent high-frequency data: The economic recovery is increasingly cooling in the face of rising COVID-19 cases and renewed lockdowns. The US Bureau of Labor Statistics released its monthly employment report the morning of […]

December 4, 2020

Highlights of Outlook 2021: Powering Forward

Market Blog Posted by lplresearch 2020 has been a tumultuous year, and as we near its close, we are pleased to present Outlook 2021: Powering Forward, which outlines our views on markets, the economy, and policy into 2021 and beyond. Policy changes should be relatively benign, as we believe a split Congress is the most likely outcome, which should […]

December 8, 2020

Outlook 2021: Focus on International

Markets Blog Posted by lplresearch 12/10/2020 This week we released Outlook 2021: Powering Forward, with our 2021 market and economic views. In the past several Outlook publications, we have favored the United States over developed international in equity allocations (international developed markets are composed primarily of Europe and, to a lesser amount, Japan). Each time we settled on those views, […]

December 10, 2020

LPL Street View: Why Some Items Are Still So Hard to Find

Market Blog Posted by lplresearch As the US economy continues to transition during the current pandemic— where many local and state governments are still enforcing restrictions affecting economic output—this, along with changing consumer preferences, might cause supply constraints. We assess COVID-19 effects on current business conditions. Business supply chains are very dynamic organisms. For example, COVID-19 has […]

December 11, 2020

Is Inflation Looming?

Economic Blog Posted by lplresearch 12/11/2020 The November reading for the Consumer Price Index (CPI), the most well-known measure of inflation, was released Thursday, December 12, and while both the headline and “core” readings (excluding food and energy) came in slightly higher than the Bloomberg-surveyed economists’ consensus, core inflation remains tame at 1.6% over the trailing […]

4 More Years of Dollar Weakness?

Market Blog Posted by lplresearch 12/15/2020 Back in July, we wrote in our July 23 LPL Research blog that dollar weakness may continue, highlighting a short-term bearish technical case for the US dollar. Since then, the Bloomberg US Dollar Index and the US Dollar Index (DXY) are down 5.3% and 4.1%, respectively. Today, we take a more long-term […]

December 15, 2020

Chart of the Year

Market Blog Posted by lplresearch 12/16/2020 Stocks continue to surprise to the upside, with the Russell 2000 Index (small caps) and the Nasdaq making new all-time highs on Tuesday. The S&P 500 Index, a chip shot from new highs, already has made 30 new highs so far this year. “One thing that surprises many investors is […]

December 16, 2020

Leading Indicators Signal Need For Bridge Stimulus

Economic Blog  Posted by lplresearch 12/18/2020 Leading economic indicators are flashing yellow, as it becomes clearer that rising COVID-19 case counts and renewed lockdowns are inflicting damage on a budding economic recovery. On December 18th, the Conference Board released its November report detailing the latest reading for its Leading Economic Index (LEI), a composite of data […]

December 18, 2020