Broker Check

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

Wading Through Financial Stability: An Action Plan

March 20, 2023 | LPL Research 

The Federal Reserve (Fed) has a history of raising short-term interest rates until something “breaks.” Considering the Fed has raised rates from a near-zero level to 4.75% (upper bound) over the course of only one year...

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Stress in Banking System | Latest Equity Asset Allocation Views

March 13, 2023 | LPL Research 

Last week did not play out how we anticipated. Coming into the week, it was all about Federal Reserve (Fed) Chair Jerome Powell’s congressional testimony and the February jobs...

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No Landing. No Sense: Suggesting an Economy Makes “No Landing” Makes No Sense

March 6, 2023 | LPL Research 

Suggesting an economy makes “no landing” makes no sense. Analogies eventually break down, especially this one. Economic activity does not stop like an airplane eventually does, but rather the economy will settle into a steady state where growth is consistent with factors such as population and ...

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What’s Changed in the Markets in 2023 and What it Could Mean

February 27, 2023 | LPL Research 

While concerns about the debt ceiling have been increasing, markets, businesses, and the economy are likely to see only minimal impact until we are days, or maybe a few weeks, from the “x date,” the date on which the federal government will no longer be able to meet all its obligations...

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What’s Changed in the Markets in 2023 and What it Could Mean

February 21, 2023 | LPL Research 

Markets have adjusted to several changes this year. The pace at which inflation has cooled is slowing. The market has started to believe the Federal Reserve’s (Fed) “higher for longer” message. The bar for earnings has been lowered...

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Trying to Stick the Landing: Can the Stock Market Do It?

February 13, 2023 | LPL Research 

Soft landing or no soft landing, that is the question, with all due respect to William Shakespeare. But while this may be the most commonly asked question these days, it may not be the most important or the toughest. That honor goes to what’s priced in...

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Brightening Outlook for International Equities: Have the Tides Turned

February 6, 2023 | LPL Research 

Investors got more excited about international investing late last year. Some of that was chasing better returns, as developed international equities solidly beat the U.S. over the last three months of 2022. Some was the increased popularity of value investing as mega-cap U.S. technology stocks became less in favor...

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WILL JANUARY HIT THE TRIFECTA?

January 30, 2023 | LPL Research

The script has been flipped in 2023. Last year’s underperformers have turned into outperformers this year, driving the S&P 500 Index up over 5% this month. The pace and composition of the rally have left many investors skeptical over its sustainability...

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A FEISTY BULL-BEAR DEBATE: WEIGHING THE PROS AND CONS

January 23, 2023 | LPL Research

The latest episode of the debate between stock market bulls and bears has gotten more interesting. For every valid point from one side, there’s an equally compelling...

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Q4 EARNINGS PREVIEW: PESSIMISM MAY BE OVERDONE

January 17, 2023 | LPL Research

Fourth quarter earnings season is underway and probably won’t bring much good news. Lackluster
global growth, ongoing profit margin pressures from inflation...

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Market, Stocks, and Bonds Lessons Learned from 2022
 

January 9, 2023 | LPL Research

We believe accountability and modesty are among the keys to success in this business. In striving for those qualities, LPL Research has a tradition of starting off a new year with a lessons learned commentary. 

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2023 MARKET OUTLOOK

January 3, 2023 | LPL Research

The global economy will likely slow from the upper-2% range in 2022 down to the mid-1% range in 2023 [Figure 1]. Much depends on China's growth path now that it has largely abandoned its overzealous zero-COVID-19 policy...

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HISTORIC YEAR FOR CENTRAL BANK ACTIVITY AND RATE HIKES

December 19, 2022 | LPL Research

The Federal Reserve (Fed) wrapped up its last Federal Open Market Committee (FOMC) meeting of the year last week, where it hiked short-term interest rates for the seventh time in as many meetings, taking the fed funds rate to 4.5% (upper bound).

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DECEMBER DOWN BUT NOT OUT

December 12, 2022 | LPL Research

Despite the S&P 500 Index starting December with five consecutive days of losses, we think December is down but not out. December often starts slow but historically has been a strong month. There are also some potentially supportive seasonal patterns ahead...

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RESILIENT CONSUMERS HAVE NOT SAVED RETAIL STOCKS

December 5, 2022 | LPL Research

Economic and corporate data support the initial strong reads on holiday retail sales despite the macro headwinds, reinforcing the idea that today’s consumer is in a better position than usual at this point in the business cycle...

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