Investor Sentiment Still Depressed by the Wall of Worry

Posted by George Smith, CFA, CAIA, CIPM, Portfolio Strategist Thursday, May 18, 2023 The latest weekly data from the American Association of Individual Investors (AAII) showed individual investor sentiment is still at depressed levels. This is perhaps not surprising as investors have built up a “wall of worry” from concerns about lingering inflation, uncertainty over the […]

May 18, 2023

Follow the Money

Posted by Adam Turnquist, CMT, VP Chief Technical Strategist Friday, May 19, 2023 Key Takeaways: Pain Trade is Higher The pain trade for the broader market remains higher. Despite the S&P 500’s near double-digit rally this year, sentiment and investor positioning remain historically bearish. As highlighted in yesterday’s blog post—Investor Sentiment Still Depressed by the Wall […]

May 19, 2023

Tuesday Fixed Income Quick Takes

Posted by Lawrence Gillum, CFA, Chief Fixed Income Strategist Tuesday, May 23, 2023 View enlarged chart View enlarged chart View enlarged chart View enlarged chart View enlarged chart IMPORTANT DISCLOSURES This material is for general information only and is not intended to provide specific advice or recommendations for any individual. There is no assurance that the […]

January 1, 1970

Tuesday Fixed Income Quick Takes

Posted by Lawrence Gillum, CFA, Chief Fixed Income Strategist Tuesday, May 23, 2023 View enlarged chart View enlarged chart View enlarged chart View enlarged chart View enlarged chart IMPORTANT DISCLOSURES This material is for general information only and is not intended to provide specific advice or recommendations for any individual. There is no assurance that the […]

May 23, 2023

A Closer Look at Momentum

Posted by Adam Turnquist, CMT, VP Chief Technical Strategist Wednesday, May 24, 2023 Key Takeaways: What is MACD? This popular technical tool was first introduced by Gerald Appel in 1979 and combines momentum and trend following into a single indicator. As the name implies, the framework of the indicator is based on convergences and divergences between […]

May 24, 2023

Treasury Yields During Recessions

Posted by Barry Gilbert, PhD, CFA, Asset Allocation Strategist Friday, May 26, 2023 Key Takeaways: We are potentially at an important point of the economic cycle, both from the perspective recession risk and the end of a rate hiking cycle. LPL Research’s Asset Allocation Committee continues to be focused on what these potential changes might mean […]

May 26, 2023

Strong First 100 Days a Positive Sign for the Rest of 2023

Posted by Jeffrey Buchbinder, CFA, Chief Equity Strategist Friday, May 26, 2023 Yesterday was the 100th trading day of 2023, and a productive 100 days for stocks it was. Through that 100th trading day on May 25, about 40% of the way through the year, the S&P 500 Index has gained a solid 8.1% (excluding dividends). That milestone […]

Time for a June Swoon?

Posted by Adam Turnquist, CMT, VP Chief Technical Strategist Tuesday, May 31, 2023 Key Takeaways: There is no shortage of headlines referencing the “sell in May and go away” seasonal pattern for stocks, but perhaps investors should focus more on a potential June swoon. As debt ceiling negotiations progress in Washington before next week’s revised June […]

May 31, 2023

Will A Blowout Jobs Report Change the Fed’s Mind?

Posted by Jeffrey J. Roach, PhD, Chief Economist Friday, June 2, 2023 Highlights: Bottom Line: The Federal Reserve (Fed) will still likely pause later this month, despite today’s payroll report, because policy makers are focused on the lagged effects of the previous rate hikes. View enlarged chart Who Do You Believe? Job gains in May were […]

June 2, 2023

Glut of Treasury Issuance Coming. What Could Investors Expect?

Posted by Lawrence Gillum, CFA, Chief Fixed Income Strategist Tuesday, June 6, 2023 It seems like Treasury investors can’t catch a break. Last week, investors were concerned about a U.S. default (not a real risk, in our view) and this week, there is a lot of focus on the glut of Treasury issuance coming to market […]

June 6, 2023