Market Blog As mentioned in the most recent Muni Market Monitor, high yield muni funds have accumulated $24 million of net inflows year to date, representing ~20% of total inflows to the total municipal category. With the prospects of higher individual tax rates and the continued need for after-tax income, tax-aware investors have found shelter…
Economic Blog The U.S. Bureau of Labor Statistics released its July inflation report showing that the headline Consumer Price Index (CPI) rose 0.5% month-over-month and 5.4% year-over-year. The core CPI, which strips out the volatile food and energy components, rose 0.3% month-over-month, and 4.3% year-over-year. Given strong base effects from rolling off of weak data…
Index Performance U.S. and International Equities Markets Reverse Course This Week; Growth Names Pullback The major markets finished the week lower, reversing course from the previous week. Some disappointing corporate guidance along with Thursday’s Gross Domestic Product (GDP) shortfall may have given investors some pause. The S&P 500 Index growth sectors (consumer discretionary, information security,…
Market Blog In the latest edition of LPL Market Signals, the LPL Research strategists discuss some of the biggest surprises of 2021, including the strong year-to-date performance for the stock market and surprising recent drop in Treasury yields. Other surprises discussed include frosty U.S.-China relations, surging oil prices, the relentless growth stock rally, and the…
Index Performance U.S. and International Equities Markets Higher as Growth Leads The major markets finished higher this week after starting the week lower, with the Dow Jones off by over 2% after Monday’s trading. Market participants were concerned about the increase in Delta COVID-19 virus cases, but market sentiment changed throughout the week given strong…
Index Performance U.S. and International Equities Markets Mostly Lower As Utilities and Real Estate Gain Ground Most major markets sold off this week as Q2 earning season kicks off. Market participants are concerned about how long the “transitory” effects of inflation will last but also that second quarter results from corporate America may be as…
We mix it up this week on the LPL Market Signals podcast and bring on LPL Research’s Director of Research Marc Zabicki to discuss what he has learned about investing and working with Advisors in his more than three decade career. Learning about Marc Marc takes us on a path of how he landed at…
Index Performance (as of 1:45 PM EST) U.S. and International Equities Most of the U.S. and international markets were fractionally higher this week as traders were concerned about a potential peak in the global recovery, declining bond yields, as well as the rising cases of the Delta COVID-19 variant worldwide. US small cap (Russell 2000),…
To quote the great Frank the Tank from Old School, “We’re going streaking!” Although Frank had another idea, stocks have been streaking in some historic ways, both near-term and longer-term. Let’s start with the more recent action. The S&P 500 Index was recently higher seven consecutive days for the first time since last August, but…
