Back in July, we wrote in our July 23 LPL Research blog that dollar weakness may continue, highlighting a short-term bearish technical case for the US dollar. Since then, the Bloomberg US Dollar Index and the US Dollar Index (DXY) are down 5.3% and 4.1%, respectively. Today, we take a more long-term look at the…
US and International Equities After a strong November for the markets due to positive vaccine news, a strong third quarter earnings season, along with prospects for a split Congress, the major market indexes along with the small cap Russell 2000 index finished the first week of December higher. Continued optimism regarding vaccines and improving prospects…
Economic Blog COVID-19 cases have been rising in several regions around the world, prompting many countries to implement new restrictions to curb the spread of the virus. Governments in a few European countries have rolled out what has been dubbed “lockdown 2.0,” and high-frequency data in the region, highlighted in our blog Europe’s Lockdown 2.0…
Economic Blog It may be a year or more before the end of the recession is officially called, but gauging from the growth we’ve seen since April, it may already be over. If that’s true, it’s a good time to take a look at what US Treasury yields do early in a new economic cycle.…
Market Blog As 2020 winds down, it has been an extremely tough year on all of us. Still, there are many reasons to be thankful and today we will share some reasons investors should be thankful. Stocks have had one of the largest reversals ever in 2020, something to be thankful for. In fact, this…
Index Performance US and International Equities This week, as some of the economic news was pointing to worries of a potential economic slowdown, some areas of the stock market are looking ahead to a potential economic recovery. Stocks continued to climb this week despite some disappointing economic data as market participants set aside the short-term…
Fixed income investors aren’t used to having to deal with the volatility of stocks, but in the year that is 2020, that is exactly what has happened thus far. Unfortunately, while we don’t see the volatility of Q1 2020 continuing in 2021, we do believe that interest rates may continue to rise in 2021, and…
Markets received positive vaccine news from Pfizer this week, a very positive sign for the industrials and other value-laden sectors that the end of the pandemic could be on the horizon. Value stocks outperformed their growth counterparts by over 5% this week. The biggest sector winners this week were energy and financials. Energy returned a…
Bond markets have had quite a ride since Election Day. The 10-year Treasury yield had been climbing very slowly in the months leading up to the election as the economy improved, but possibly also in anticipation of a potential Democratic sweep that could lead to a larger stimulus package. As shown in the LPL Chart…