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Wednesday, September 27, 2017

September has been dull, but would you believe it is on pace to be the least volatile September ever? We feel like a broken record here, but 2017 continues to look more and more like the mid-‘60s and mid-‘90s— the two...

 

Tuesday, January 3, 2017

The last few months of 2016 were volatile for the bond market, as the election of Donald Trump led markets to price in higher growth and inflation expectations. A largely expected Federal Reserve (Fed) interest rate hike in December...

 

Wednesday, November 30, 2016

Last week, the Dow Jones Industrial Average closed above the milestone level of 19,000 for the first time in history. This event brought with it a good deal of media attention and questions about what could happen next. Here are some...

 

Tuesday, October 25, 2016

Does anyone want to make a move into equities here? It sure doesn’t seem like it. With the election two weeks away, the S&P 500 continues to stay in a very tight range near all-time highs, as most investors seem content to sit on...

 

Thursday, September 8, 2016

At 2 p.m. ET today, the Federal Reserve (Fed) released the latest edition of its Beige Book. The Beige Book compiles qualitative observations made by community bankers and business owners about economic and banking conditions in each...

 

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Wednesday, August 24, 2016

Two weeks ago we noted on the blog that how rare it is when the S&P 500 makes a new high during the usually tricky month of August. We also found that when this happens during a presidential election year, the S&P 500 returns the rest...

 

Wednesday, July 20, 2016

Entertainment is the current focus of virtual reality (VR) and augmented reality (AR) technologies, but their potential doesn’t stop there. The first thing that comes to most people’s minds when discussing VR and AR is...

 

Friday, July 15, 2016

At the midyear point of 2016, LPL Research proposes a vote of confidence: in the economy, the market, and most importantly, in our ability as investors to remain focused on our long-term goals. This is not always easy. We may be...

 

Thursday, July 14, 2016

The transition in British politics has taken place much faster than anyone anticipated. Just three weeks after the United Kingdom’s (U.K.) historic vote to leave the European Union (EU), the country has a new Prime Minister,...

 

Monday, July 11, 2016

The Dow Jones Transportation Average has recently triggered what market technicians call a moving average “death cross” event. A moving average death cross is when the shorter-term 50-day simple moving average crosses below...

 

Wednesday, June 29, 2016

Stocks bounce as bargain hunters jump in. Stocks bounced back more than 1% today as market participants got a bit more comfortable with Brexit-related uncertainty, looked for bargains, and took advantage of a technically oversold...

 

Thursday, June 16, 2016

Some very peculiar action has taken place recently on the CBOE Volatility Index (VIX) with a huge spike in the past three days, amid a relatively modest equity sell-off, and gaining for six straight days for the first time since last...

 

Monday, June 13, 2016

Earlier this year, in our Thought Leadership publication, “Gender Equality: Good for Business,” we highlighted the gender gap in corporate America’s c-suites and boardrooms and the resulting underutilization of a deep...

 

Friday, June 10, 2016

The S&P 500 Index continues to participate in a rally off its February 11, 2016, low price at 1810; it has moved approximately 15% higher and is currently within 1% of its all-time high level at 2134. The interesting part is that even...

 

Wednesday, June 8, 2016

Last week’s OPEC (Organization of the Petroleum Exporting Countries) meeting was a microcosm of its recent history. Lots of talk, little action—and most importantly, little impact. Looking at recent history, it’s hard...

 

Monday, June 6, 2016

After closing above 2,100 for just the third time this year, the S&P 500 is now up 3.0% for the year and only 1.2% away from a new all-time high. That is on a price-only basis though, as if you look at the S&P 500 total return...

 

Friday, June 3, 2016

The S&P 500 Index is back up against the 2,100 level, and once again, it is acting as firm resistance. During each of the past two days, the S&P 500 was above this level at the highs, but eventually closed beneath this important...

 

Wednesday, June 1, 2016

Last Friday many of people started their weekend early and probably missed our blog post. Today we want to take another look at that post, and also at investor sentiment. First, Friday’s blog showed that when adjusted for...

 

Thursday, May 26, 2016

The Dow Jones Industrial Average was first calculated by Charles Dow 120 years ago today, on May 26, 1896. First things first, happy birthday to the granddaddy of all the U.S. stock market indexes! The index got its name from Dow and...

 

Wednesday, May 25, 2016

The S&P 500 has gone a full year without a new high. We touched on this subject on this blog on Friday, and yesterday we did an in-depth look at this development in our Weekly Market Commentary. We want to take one final look at this,...

 

Wednesday, May 18, 2016

Last week saw some huge drops from many large department stores thanks to disappointing earnings. Then on Friday, April retail sales came in at 1.3%, well above the consensus estimate. In fact, this was the best monthly gain since...

 

Monday, May 16, 2016

Most parents spend years trying to teach their children not to lie and that lying is bad, but virtually everyone learns to lie. To understand why this happens, experts have spent decades looking into the science of lying. Michael...

 

Tuesday, May 3, 2016

Later this week, the Bureau of Labor Statistics (BLS) of the U.S. Department of Labor will release a key report on the health of the U.S. labor market and economy, but it’s not the one you’re probably thinking of right now....

 

Friday, April 29, 2016

Oil and high-yield bond prices remain tightly linked. A close relationship between the two has persisted since summer 2014, when the price of oil began to decline from over $100 per barrel, and the linkage remains as strong as ever...

 

Tuesday, April 26, 2016

The S&P 500 is currently 1.3% away from its all-time closing high of 2130.82 set on May 21, 2015. But did you know that the S&P 500 Total Return Index made a new all-time high yesterday? The difference is the total return includes...

 

Wednesday, April 20, 2016

A popular technical chart pattern is the golden cross. This happens when the faster moving 50-day moving average (MA) crosses above the slower moving 200-day MA. The consensus is that a golden cross is a bullish development, as the...

 

Thursday, April 7, 2016

There are many ways to look at market technicals; one way is by looking at the internals. To do this, we like to look at the advance/decline line. This measures how many stocks are advancing versus declining on a various index. If more...

 

Wednesday, April 6, 2016

Sugar taxes, while nothing new, have been back in the news lately, with England’s recent announcement of a tax on sugar-sweetened beverages (SSB) making headlines. Other governments, including Mexico, France, and even the city of...

 

Tuesday, April 5, 2016

Last week in our monthly/quarterly wrap up, we also noted that the S&P 500 had gone virtually nowhere over the past five quarters. In fact, from the end of the fourth quarter of 2014 to the first quarter of 2016, the S&P 500 gained a...

 

Wednesday, March 30, 2016

At the lows this year, the S&P 500 was down by 10.5%, which begs the question, how normal is this? Going back to 1928, the average intra-year low is to be down by at least 10.9% at one point. So it is not unusual to see the kind of...

 

Monday, March 23, 2015

Dollar Strength is a Symptom not a Cause The dollar is a high-yield topic these days; both the media and market participants are focused on it's recent ascent and debating what the implications might be. The question on the minds of...

 

Tuesday, March 3, 2015

The Nasdaq Composite just hit 5000 yesterday and is nearing its all-time record closing high of 5048 set during the peak of the internet bubble in March 2000. The 15-year journey back to these highs after the bubble burst included two...

 

Friday, December 26, 2014

“Unlike the last two years, when the global economy produced improved growth on the back of a stabilizing economic backdrop, 2015 will be a year marked by transitions. Likely changes in monetary policy around the world, the return of...

 

Wednesday, November 19, 2014

Solid Earnings Season Spelled Out While the certainty provided by an election outcome has been positive for the stock market over time, our positive stock market outlook is based much more on fundamentals. It does not get more...