Back to Work

Highlights:

While the issues that threatened to take the United States to the brink of disaster have been pushed out to early next year, we think we are unlikely to see a reprise of the brinkmanship and economics disruption of the past few weeks.

Download the full Weekly Market Commentary article here: Back to Work

Jeffrey Kleintop, CFA
Chief Market Strategist
LPL Financial

Tracking #1-213882 (Exp. 10/14)

The One Big Risk

Highlights:

As Lehman Brothers filed for bankruptcy on September 15, 2008, there was one big risk everyone was worried about across their portfolios: credit risk.  Five years later, another single big risk has emerged in the minds of investors: interest rate risk.  High-yield bonds and low-yield stocks may provide some insulation from rising rates in your portfolio.

Download the full Weekly Market Commentary article here: The One Big Risk

Jeffrey Kleintop, CFA
Chief Market Strategist
LPL Financial

Tracking #1-199147 (Exp. 09/14)

Under the Surface

Highlights:

Conditions have stopped worsening, and Europe’s economy may be stabilizing after a period of rapid economic deterioration.  However, the deep-rooted negativeness that lie not far under the surface may disappoint those expecting steady improvements.  As we have all year, we continue to believe U.S. stocks will outperform their international peers.

Download the full Weekly Market Commentary article here: Under the Surface

Jeffrey Kleintop, CFA
Chief Market Strategist
LPL Financial

Tracking #1-17427 (Exp. 07/14)

Walking Dead Stock Market

Highlights:

Like the number one TV drama, this unkillable stock market rally seems to get no respect.  While it has been impossible to kill so far this year despite all the shots fired at it, this is no mindless and shambling rally.  Stocks have deliberately moved past these events that did not stop the still beating heart of the economic growth in the United States.

Download the full Weekly Market Commentary article here: Walking Dead Stock Market

Jeffrey Kleintop, CFA
Chief Market Strategist
LPL Financial

Tracking #1-185397 (Exp. 07/14)

 

What We Are Watching for This Earnings Season

Highlights:

The second quarter of 2013 is likely to mark another quarter of low to mid-single digit earnings per share growth.  We will be watching for key trends that may impact future quarters: fiscal drag, slower global growth, wider profit margins, rising buybacks, and higher interest rates.

Download the full Weekly Market Commentary article here: What We Are Watching for This Earnings Season

Jeffrey Kleintop, CFA
Chief Market Strategist
LPL Financial

Tracking #1-183493 (Exp. 07/14)

The Right Recipe for Stocks

Highlights:

The recipe for stock market investing success may be as simple as taking the S&P 500 and adding the characteristics provided by company share buybacks as the market heats up in the second half of the year.

Download the full Weekly Market Commentary article here: The Right Recipe for Stocks 

Jeffrey Kleintop, CFA
Chief Market Strategist
LPL Financial

Tracking #1-181508 (Exp. 07/14)

Mid-Year Outlook

Highlights:

The performance of the markets is likely to converge in the second half of the year on a path that likely holds modest gains.  The return of volatility will also be a key characteristic of the second half of the 2013 as markets follow a path with ups and downs.

Download the full Weekly Market Commentary article here: Mid-Year Outlook

Jeffrey Kleintop, CFA
Chief Market Strategist
LPL Financial

Tracking #1-179919 (Exp. 07/14)

The End Is Near — But That Is Good news

Highlights:

What market participants hear from the Fed last week – that it is ready to soon end the bond-buying program – overwhelmed what the Fed said about how it plans to continue to expand its purchase at a slower pace.

It appears the stock market started to move to price in the start of tightening rather than the potential end of stimulus.

The knee-jerk reaction of selling across all markets – stocks, bonds, and commodities – may not persist for long and could create opportunities to buy the dip.

Jeffrey Kleintop, CFA
Chief Market Strategist
LPL Financial

Tracking #1-178100 (Exp. 06/14)

What’s It Worth?

Highlights:

Only three things have really mattered to the markets: the Federal Reserve’s stimulus, the outlook for earnings, and the labor market.

The movements in these three have been aligned on a week-to-week basis with stock market value about 90% of the time during this bull market.

As we move through the second half of the year, it is worth reflecting on what a change in each of these drivers is worth to the U.S. stock market.

Jeffrey Kleintop, CFA
Chief Market Strategist
LPL Financial

Tracking #1-176772 (Exp. 06/14)

The Butterfly Effect

Highlights:

Some northern states are seeing the first monarch butterfly of the season as they complete their summer migration.

It is possible the market will see a butterfly effect from small changes in farmland, state budgets, manufacturing, and weather?

Download the full Weekly Market Commentary article here: The Butterfly Effect

Jeffrey Kleintop, CFA
Chief Market Strategist
LPL Financial

Tracking #1-174396 (Exp. 06/14)