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Federal Reserve Meeting Recap: An Historic Rate Hike
Posted by Lawrence Gillum, CFA, Fixed Income Strategist Thursday, May 5, 2022 The Federal Reserve (Fed) ended its two-day Federal Open Market Committee (FOMC) meeting yesterday and the outcome was broadly in line with market expectations. As expected, the Committee raised short-term interest rates by 50 basis points (0.50%) and “anticipates that ongoing increases in the […]
May 5, 2022
Subliminal Messages in the Jobs Report
Posted by Jeffrey J. Roach, PhD, Chief Economist Friday, May 6, 2022 The U.S. economy added 428,000 jobs in April, matching job growth last month after revisions. The LPL Chart of the Day shows the 3-month average gain dipped from the highs from last year. “A softer trend could be the start of the Fed’s Goldilocks […]
May 6, 2022
Core Bonds Are Trading at Deep Discounts To Par
Posted by Lawrence Gillum, CFA, Fixed Income Strategist Tuesday, May 10, 2022 The unrelenting move higher in U.S. Treasury yields continued last week with the yield on the 10-year Treasury up another 15 basis points (0.15%). Moreover, 10-year Treasury yields have doubled this this year with 130 basis points (1.3%) of that 150 basis point increase […]
May 11, 2022
Moderating Inflation Should Provide Boost in Consumer Confidence
Posted by Jeffrey J. Roach, PhD, Chief Economist Wednesday, May 11, 2022 Moderating Inflation Should Provide Boost in Consumer Confidence A slight moderation in inflation will likely provide some needed boost in consumer confidence but we may have to wait another month. The April inflation report was not as soft as many hoped. Inflation rose a […]
May 11, 2022
Oh Great, Here Comes Friday The 13th
Posted by Ryan Detrick, CMT, Chief Market Strategist Thursday, May 12, 2022 This is one of the worst starts to a year ever and now we have to worry about Friday the 13th. That’s right, tomorrow, May 13, will be the first Friday the 13th since August 2021. For most people, this is just another day, […]
May 12, 2022
Five Things You Should Know About the Traditional 60/40 Portfolio
Posted by lplresearch Friday, May 13, 2022 It’s been a tough year so far for a traditional “60/40” portfolio, a portfolio of 60% stocks and 40% bonds. Using the S&P 500 Index and the Bloomberg U.S. Aggregate Bond Index (“Agg”) to represent stocks and bonds, the traditional 60/40 is down 14.0% as of market close on […]
May 13, 2022
Are Bonds Acting Like Bonds Again?
Posted by Lawrence Gillum, CFA, Fixed Income Strategist Tuesday, May 17, 2022 One of the value propositions of owning core bonds is that they tend to act as a diversifier during equity market drawdowns. That is, core bonds have tended to outperform equities during equity market selloffs, which has helped cushion total portfolio volatility and helped […]
May 17, 2022
Six Things To Know About Bear Markets
Posted by Ryan Detrick, CMT, Chief Market Strategist Wednesday, May 17, 2022 It has been a historically bad year so far for stocks, with many names in bear markets. Thus far though, the S&P 500 Index has avoided a bear market (classified as a 20% decline from recent highs), as it was down 18.1% as of […]
May 18, 2022
When it Comes to Earnings, Buy American
Posted by Jeffrey Buchbinder, CFA, Equity Strategist Thursday, May 19, 2022 This is a macro driven market. So even as the S&P 500 Index nears a bear market, until we get better news on the macro front, volatility will likely continue. There is a long list of macro worries right now, including sky-high inflation, rising interest […]
May 19, 2022
Do Investors Think The Fed’s Hammer Works Like A Screwdriver?
Posted by Jeffrey J. Roach, PhD, Chief Economist Friday, May 20, 2022 “Our tools don’t really work on supply shocks.” The quote above was one of the most important statements Chair Jerome Powell made at the recent press conference after the Federal Open Market Committee (FOMC) decided to raise the federal funds rates and reduce the […]
May 20, 2022