Love-Hate Relationship Between Bond Yields and Stock Prices

Highlights:
Stock prices and bond yields have historically had a love-hate relationship that would make the romantic ups and downs of any soap opera seem mild by comparison.

Currently, the relationship between them remains tight and far from crossing the line that would lead to a breakup.

Download the full Weekly Market Commentary article here: Love-Hate Relationship Between Bond Yields and Stock Prices

Jeffrey Kleintop, CFA
Chief Market Strategist
LPL Financial

Tracking #1-172413 (Exp. 06/14)

Summer Rentals

A number of end-of-summer or beginning-of-fall events have the potential to lead to a change in the investment environment and alter the course of the markets.

How do you invest over the next few months leading up to these events – in other words, what investments do you rent for the summer?  Summer rentals for your portfolio may include: an overweight to U.S. stocks, high-quality bonds, and cash & hedges.

Download the full Weekly Market Commentary article here: Summer Rentals.

Jeffrey Kleintop, CFA
Chief Market Strategist
LPL Financial

Tracking #1-170790 (Exp. 05/14)

Buyers & Sellers

At the heart of it, all markets come down to buyers and sellers.  U.S. stocks are being purchased by foreigners and corporations, while pensions and insiders remain net sellers.  Demand from individuals and hedge funds has been mixed.

Risks to stocks would be a slowdown in corporate buybacks, and a continuation of the slowing pace of net buying by foreigners.

On the other hand, fuel for the stock market could come from a re-allocation back toward stocks by pensions and individual investors.

Download the full Weekly Market Commentary article here: Buyers & Sellers

Jeffrey Kleintop, CFA
Chief Market Strategist
LPL Financial

Tracking #1-168784 (Exp. 05/14)

The Rally is Getting Old, but a New Trend May Be Emerging

Highlights:
The overall stock market has only seen a couple of 2-3% dips this year, but there have been 5-10% pullbacks among cyclical sectors.  It may be time to begin to buy some of the laggard cyclical, especially on any pullback in the overall market.

Download the full Weekly Market Commentary article here: The Rally is Getting Old, but a New Trend May Be Emerging.

Jeffrey Kleintop, CFA
Chief Market Strategist
LPL Financial

Tracking #1-166940 (Exp. 05/14)

Borrowing for the Future

Highlights:
After waging a war on debt the past several years, it may be the war on debt itself that may be bad for growth.

Download the full Weekly Market Commentary article here: Borrowing for the Future.

Jeffrey Kleintop, CFA
Chief Market Strategist
LPL Financial

Tracking #1-164858 (Exp. 05/14)

Soft Spot Arrives on Schedule

Highlights:
In recent years, the spring slide in the stock market was driven by the arrival of a spring soft spot in the economy. This soft spot has emerged again — for the fourth year in a row. The bond and commodity markets have already responded negatively. Will the stock market also react as it has in the past?

Download the full Weekly Market Commentary article here: Soft Spot Arrives on Schedule.

Jeffrey Kleintop, CFA
Chief Market Strategist
LPL Financial

Tracking #1-162907 (Exp. 04/14)

Is Investor Complacency Finally Ending?

Highlights

Last week, U.S. stocks suffered their worst drop in over nine months as a terrorist attack and poor economic and earnings data shook investor confidence. Breaking down last week’s market drivers may reveal insights about the likely future direction of the stock market.

Download the full Weekly Market Commentary article here: Is Investor Complacency Finally Ending? Is Investor Complacency Finally Ending?

Jeffrey Kleintop, CFA

Chief Market Strategist LPL Financial

April 22, 2013

Tracking #1-160790 (Exp. 04/14)

First Quarter Earnings Insights

Highlights: The dollar amount of first quarter 2013 earnings per share for the S&P 500 companies is expected to be lower than in each of the past three quarters and only 1% higher than a year ago. With the price-to-earnings ratio rising above its long-term average, investors are getting more confident about future earnings growth.

Download the full Weekly Market Commentary article First Quarter Earnings Insights.

Jeffrey Kleintop, CFA

Chief Market Strategist LPL Financial
April 15, 2013

LPL FINANCIAL RESEARCH

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Message From the Markets Weekly Market Commentary

Highlights: Does the performance of stocks, bonds, and commodities in the first quarter forecast that booming economic growth lies just ahead? Or might these market gains risk making April fools of those expecting a sharp economic acceleration?

Examining the relationships between markets and the economy, it appears that the message from the markets is that modest economic growth is likely to continue rather than accelerate.

Download the full Weekly Market Commentary article Message From the Markets

Jeffrey Kleintop, CFA

Chief Market Strategist LPL Financial
April 1, 2013

LPL FINANCIAL RESEARCH

Tracking #1-155086 (Exp. 4/14)

10 Indicators to Watch for a Spring Slide in the Stock Market

Highlights: In each of the past three years, the stock market began a slide in the spring that lasted well into the summer months.

This week, we update the status of the 10 indicators we identified that foreshadowed the 10 – 19% declines in recent years.

On balance, the indicators do not yet point to a significant risk of a repeat of the 10 – 19% spring slide this year. But a more modest, 5 – 10% pullback is far from out of the question.

Download the full Weekly Market Commentary article 10 Indicators to Watch for a Spring Slide in the Stock Market

Jeffrey Kleintop, CFA

Chief Market Strategist LPL Financial
March 25, 2013

LPL FINANCIAL RESEARCH

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