Client Centered

LPL Financial research - Weekly stock market updates

Each week the LPL Financial Research team assembles thoughtful insight on market news.

What to Watch This Earnings Season

April 18th, 2022– LPL Research
____________________________

First quarter earnings season is rolling. BlackRock, Delta Airlines, Goldman Sachs, JPMorgan Chase, and Morgan Stanley were among the first 16 S&P 500 companies to report March quarter results, following 20 index constituents with quarters ending in February that had already reported. 

Learn more

Are Core Bonds Under Pressure?

March 21st, 2022– LPL Research
____________________________

Core bond investors have experienced one of the worst starts to the year ever, potentially calling into question the validity of bonds in a portfolio. Despite the poor start, we don’t think the value proposition for bonds has changed much. 

Learn more

Ready, Set, Rate Hike

March 14th, 2022– LPL Research
____________________________

The Federal Reserve (Fed) meets this week and in all likelihood will raise short-term interest rates for the first time since emergency levels of monetary accommodation were provided to markets after the COVID-19 shutdowns. 

Learn more

Downshift in U.S. Market Growth But Still Above Trend

March 7th, 2022– LPL Research
____________________________

We currently expect the U.S. economy to grow 3.7% in 2022. The risks are to the downside since the Fed may err on tightening too fast, the recent commodity spike may trickle down to the U.S. consumer, and supply and demand imbalances may last longer than expected.

Learn more

How Soon Are Rate Hikes Coming?

February 28th, 2022– LPL Research
____________________________

With inflationary pressures running higher than many central bankers are comfortable with, calls for interest rate hikes have become louder. A number of important central bank meetings are set to take place in March including the Federal Reserve, European Central Bank, Bank of Canada, Bank of England, and the Reserve Bank of Australia, to name a few.

Learn more

Strong Earnings Momentum to Start 2022

February 7th, 2022– LPL Research
____________________________

Corporate America has capped off an outstanding 2021 with an excellent fourth quarter earnings season so far. Entering 2021, the consensus estimate for S&P 500 Index earnings per share (EPS) was less than $170. 

Learn more

Sustainable Investing Year in Review

January 31st, 2022 – LPL Research
____________________________

Sustainable investing hit several milestones in 2021, but continued to attract its critics. Below we look at how sustainable investing fits within the broader concept of sustainability, its growth during 2021, and an implementation framework that has been helpful for many.

Learn more

Potential Catalysts for a Market Turnaround

January 24th, 2022 – LPL Research
____________________________

After a tough start for stocks in 2022, investors are looking for reasons to expect a rebound. After more than doubling off the pandemic lows in March 2020, without anything more than a 5% pullback in 2021, stocks probably needed a break. 

Learn more

Don't Expect the Fed To End This Bull Anytime Soon

January 17th, 2022 – LPL Research
____________________________

Corporate America has been on quite a run. Coming into 2021, S&P 500 Index companies were expected to generate less than $170 in earnings per share. As 2022 begins, it looks like that number may end up higher than the latest LPL Research estimate of $205, one of the biggest earnings upside surprises ever.

Learn more

Can Corporate America Keep it Rolling?

January 10th, 2022 – LPL Research
____________________________

Corporate America has been on quite a run. Coming into 2021, S&P 500 Index companies were expected to generate less than $170 in earnings per share. As 2022 begins, it looks like that number may end up higher than the latest LPL Research estimate of $205, one of the biggest earnings upside surprises ever.

Learn more

Three 2021 Market Lessons for 2022

January 3rd, 2022 – LPL Research
____________________________

We expect interest rates to move modestly higher in 2022 based on near-term inflation expectations above historical trends and improving growth expectations once the impact of COVID-19 variants recede. Our year-end 2022 forecast for the 10-year Treasury yield is 1.75–2.00%.

Learn more

How Much Higher Can Treasury Yields Go?

December 27th,  2021 – LPL Research
____________________________

We expect interest rates to move modestly higher in 2022 based on near-term inflation expectations above historical trends and improving growth expectations once the impact of COVID-19 variants recede. Our year-end 2022 forecast for the 10-year Treasury yield is 1.75–2.00%.

Learn more

Economic Outlook 2022

December 20th,  2021 – LPL Research
____________________________

We expect solid economic and earnings growth in 2022 to help U.S. stocks deliver additional gains next year. If we are approaching—or are already in—the middle of an economic cycle with at least a few more years left (our view), then we believe the chances of another good year for stocks in 2022 are quite high.

Learn more

Economic Outlook 2022

December 13th,  2021 – LPL Research
____________________________

We believe pent-up demand, gradual improvement in supply chain challenges, solid labor force growth, and productivity gains will all contribute to another year of above-trend economic growth in 2022. COVID-19-related risks remain and the potential for a policy mistake may be elevated as the economy moves towards normalization, but we think the overall environment will be supportive of business growth and ultimately equity markets.

Learn more

The Stock Market, Economy, and New Year: Three Reasons To Be Thankful

November 22nd,  2021 – LPL Research
____________________________

There are only six weeks to go in 2021 and it has been an incredible year for the stock market bulls. In fact, in many ways it could go down as one of the best years ever. This week, in honor of Thanksgiving, we wanted to take a closer look at three reasons to be thankful. From the stock market to the economy, there are indeed many reasons to be thankful this year. 

Learn more

A Peek at Peak Inflation

November 15th,  2021 – LPL Research
____________________________

After an updside inflation surprise in October, it’s clear that peak inflation may still be ahead, possibly even pushing into 2022. While the Federal Reserve (Fed) maintains its position that elevated inflation will be transitory, we have yet to see progress. Below we look at five signs to watch for over the next several months that may signal that inflation may be near or at its peak. 

Learn more

Developed International: If Not Now, When?

November 8th,  2021 – LPL Research
____________________________

Since we began our investing careers, we’ve had the concept of diversification drilled into our heads. Some refer to it as the only free lunch in investing. Well, when it comes to geography, that advice hasn’t been helpful for some time (you could say the same about value-style investing). Staying close to home and favoring the United States won’t always be the best move, but for now, we think it still is—as we discuss here. 

Learn more

5 Things That Might Spook Markets

November 1st,  2021 – LPL Research
____________________________

With Halloween over the weekend, what better to write about this week than what scares us? If our positive near-term market outlook proves to be overly optimistic, we believe one—or perhaps more than one—of these five things will likely be the culprit.

Learn more

Bullish Setup Into Year-End

October 25th, 2021 – LPL Research
____________________________

The S&P 500 Index has gained more than 20% so far this year, making more than 50 record highs along the way. Certainly nobody should be upset with that return if that was all 2021 brought us. 

Learn more

Q3 Earnings Preview: Less Upside

October 18th, 2021 – LPL Research
____________________________

We have used most of the superlatives we know to describe corporate America’s stunning performances over the past two earnings seasons. Despite lofty expections, results exceeded estimates by the biggest margins we’ve ever seen (and one of the authors of this report has been doing this for 23 years).

Learn more

Answering the Top Debt Ceiling Questions

October 11th, 2021 – LPL Research
____________________________

Last week, Congress was able to push back a fast-approaching deadline for raising the debt ceiling to December. Markets applauded the move with a relief rally. Despite decreased uncertainty in the near term, we may be confronted with the same problem again in a couple of months.

Learn more

Early Thoughts on 2022

October 4th, 2021 – LPL Research
____________________________

With the fourth quarter underway—historically the best quarter for stocks, by the way—2022 is fast approaching. While a lot can still happen between now and the end of 2021, we don’t think it’s too early to start thinking about what stocks might do next year.

Learn more

Policy Risks Loom But Clarity Ahead

September 20th, 2021 – LPL Research
____________________________

Until recently, we expected the 10-year Treasury yield to end the year between 1.75% and 2.0%. Now, however, there are two key elements suggesting we are unlikely to see significantly higher interest rates by year end: The Delta variant’s impact on economic growth expectations, and the continued demand for U.S. Treasuries by foreign investors. As such, our new year-end target for the 10-year Treasury yield is between 1.50% and 1.75%.

Learn more

Policy Risks Loom But Clarity Ahead

September 13th, 2021 – LPL Research
____________________________

Several policy-related risks loom in September and October that may lead to an increase in market volatility. The debt ceiling needs to be raised (likely by mid-October), the government needs to be funded to avoid a shutdown by the end of September, and the Democrats are trying to pass two major spending bills and will need to provide greater clarity on tax increases over the next several weeks. 

Learn more

Poking The Bear

August 30th, 2021 – LPL Research
____________________________

Corrections are a normal part of investing and the S&P 500 Index has yet to pull back even 5% so far this year, something that happens on average three times per year. However, we remain steadfastly bullish and this week want to explore five things that some bears believe that do not worry us

Learn more

Why Stagflation Isn’t In the Cards

August 23rd, 2021 – LPL Research
____________________________

The term stagflation has been circulating increasingly in the financial media as inflation readings have risen sharply in recent months. The term is often associated with the 1970s, which saw runaway inflation—largely driven by sky-high energy prices—and lackluster economic growth.

Learn more

Corporate America Does It Again

August 16th, 2021 – LPL Research
____________________________

Corporate America did it again. Companies blew by estimates and made strategists and analysts look silly. S&P 500 earnings growth did not surprise by quite as much as in the first quarter, but came pretty close.

Learn more

Five things to know heading into August

August 2, 2021 – LPL Research
____________________________

Looking forward, we expect continued growth in the third quarter but with a different composition. Consumer spending should still be respectable, but likely will recede a bit due to the fading impact of past government transfer payments and less impetus from the reopening. Business investment should continue to recover, though, and net exports may improve as the rest of the world plays catch-up to the U.S. in their recoveries, consuming more of our goods and services.

Learn more

Our Team

Offering our clients sophisticated wealth management strategies to grow, preserve and transfer generational wealth.

Learn more

Our Services

We offer objective advice for every phase of your life and guide you as you navigate your financial roadmap.

Learn more
Contact Us Today

Contact Us Today

Our business is built on a foundation of thoughtful client relationships.