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Five Week Positive Streak for the S&P 500 Ends -Now What?
Posted by George Smith, CFA, CAIA, CIPM, Portfolio Strategist Monday, June 26, 2023 It had been a strong recent run for stocks, as measured by the S&P 500 Index, with the index recording five consecutive weeks of gains but the streak came to an end on Friday with a negative 1.4% weekly return. We decided to […]
June 26, 2023
What is the Russell Reconstitution?
Posted by Kent Cullinane, Research Analyst Wednesday, June 28, 2023 On Friday, June 23, FTSE Russell’s (Russell) U.S. indices went through their annual reconstitution. This process refreshes the breakdown of equities by market capitalization (large, mid, and small) and investment style (value and growth) that make up Russell’s indices. The reconstitution is required because the criteria […]
June 28, 2023
Real Spending Stagnant in May
Posted by Jeffrey J. Roach, PhD, Chief Economist Friday, June 30, 2023 Key Takeaways: Consumer Spending Stalls Consumer spending, adjusted for inflation, was unchanged in May as consumers pulled back demand for durable goods. Investors should see this as the setup for a downshift in consumer activity for the remainder of 2023. The details of the […]
June 30, 2023
Improving Inflation and Better-Than-Expected Earnings Help Q2 Markets Overcome Challenging Financial Landscape
Posted by Jeffrey Buchbinder, CFA, Chief Equity Strategist Wednesday, June 5, 2023 Index Performance View enlarged chart Equities Cap Off Strong First Half with Solid Second Quarter Gains The S&P 500 continued its strong 2023, returning 8.7% including dividends in the second quarter to bring its first-half gain to 16.9%, its best since 2019. The Dow […]
July 5, 2023
Correlation Comparisons
Posted by Adam Turnquist, CMT, VP Chief Technical Strategist Friday, July 7, 2023 Key Takeaways: Correlation Comparisons As noted in our Second Half Setup blog last week, the S&P 500 had an impressive first half price gain of 15.9%. Given the mostly one-way direction of price action this year, including the S&P 500’s tenth-best first half in 73 […]
July 7, 2023
2023 Midyear Outlook: The Path Toward Stability
Posted by lplresearch Tuesday, July 11, 2023 Recently, the LPL Research team published the 2023 Midyear Outlook: The Path Toward Stability. A six-month check-in on where the markets have been and where they seem to be headed, the report is a great guide to help steer personal portfolios. If you haven’t read it yet in its […]
July 11, 2023
Inflation Continues To Deflate
Posted by lplresearch Wednesday, July 12, 2023 Today’s June Inflation report came in below economists’ consensus forecasts for both headline and core, sending stocks solidly higher this morning as investors were quite pleased with the report. Although we expect the Federal Reserve (Fed) to raise rates during this month’s Federal Open Market Committee (FOMC) meeting on […]
July 12, 2023
Q2 2023 Earnings Preview
Posted by Kent Cullinane, Research Analyst Thursday, July 13, 2023 Earnings season for the second quarter of 2023 kicks off this week, with some of the largest domestic banks, namely JPMorgan Chase (JPM), Wells Fargo (WFC), and Citigroup (C), reporting results on Friday. FactSet consensus estimates show Q2 earnings for the S&P 500 dropping roughly 7% […]
July 13, 2023
Implications of a Weaker Dollar
Posted by Adam Turnquist, CMT, VP Chief Technical Strategist Friday, July 14, 2023 Key Takeaways: Dollar Decline Continues Easing pricing pressures in the U.S. continue to create headwinds for the DXY. This week’s June CPI report showed core inflation ticked up only 0.2% in June, marking the smallest monthly increase since August 2021. The annual core […]
July 14, 2023
Consumers are Slowing Their Spending
Posted by Colby Hesson Tuesday, July 18, 2023 Key Points: The June Retail Sales report reveals a mixed story of consumer spending in the United States. In June, retail sales rose 0.2%, a bit softer than the previous revised gain of 0.5%. This slight slowdown indicates a tired consumer and raises questions about the strength of […]
July 18, 2023