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)

Standing on the Edge Weekly Market Commentary

Highlights: Confidence has gone over the cliff, but economic activity remains on solid ground — leaving investors standing on the edge.  If fears are realized, we expect economic activity to fall and a recession to take place in 2013.

The debt ceiling may be another fiscal cliff that may weigh on consumer and business confidence and increasingly affect economic activity in the first quarter of 2013.

Download the full Weekly Market Commentary article Standing on the Edge

Jeffrey Kleintop, CFA

Chief Market Strategist LPL Financial
December 31, 2012

LPL FINANCIAL RESEARCH

Tracking #1-128866 (Exp. 12/13)

Apocalypse Now – Weekly Market Commentary

Highlights: The end of the world is purported to take place this Friday, December 21, 2012. Like a primeval Y2K event, the Mayans believed that as the cycles aligned, the world as we know it will come to an end and will experience a profound transformation.

Many investors have been focused on this same date as a doomsday for another reason; it is the day Congress is scheduled to adjourn for the year, risking a leap off the fiscal cliff.

We believe the cycles that are aligning will lead to a transformation in the fiscal, economic, and political environment with profound impacts for investors.

Download the full Weekly Market Commentary article Apocalypse Now

Jeffrey Kleintop, CFA

Chief Market Strategist LPL Financial
December 17, 2012

LPL FINANCIAL RESEARCH

Tracking #1-126297 (Exp. 12/13)

Washington’s Dilemma

Highlights: The “prisoners’ dilemma” is the name of an example of game theory that illustrates why two parties might not cooperate, even if it appears that it is in their best interests to do so — much like the fiscal cliff debate in Washington.

Steps could be taken to mitigate the initial tax and spending impacts of temporarily going over the fiscal cliff to minimize the economic and market damage until a deal can be finalized.

Here’s to the hope that this holiday season policymakers can find common ground and work together to resolve their differences, so investors are no longer held prisoner to Washington’s dilemma.

Download the full Weekly Market Commentary article Washington’s Dilemma

Jeffrey Kleintop, CFA

Chief Market Strategist LPL Financial
December 10, 2012

LPL FINANCIAL RESEARCH

Tracking #1-124483 (Exp. 12/13)

Fiscal Cliff Causing Investors Grief Weekly Market Commentary

Highlights: There is no doubt the fiscal cliff is causing investors grief with the S&P 500 down by over 7% since the year’s high in mid-September.

The five stages of grief are: Denial, Anger, Bargaining, Depression, and Acceptance. We are past the first stage; the second stage has revealed a lot of anger in the selling lately, while the third stage seems to be what we are getting to now. But next comes Depression before Acceptance and a deal.

Cash in portfolios should be a consideration which could help to sidestep the volatility and enable buying the bargains that may emerge as the deal comes together.

Download the full Weekly Market Commentary article Fiscal Cliff Causing Investors Grief

Jeffrey Kleintop, CFA

Chief Market Strategist LPL Financial
November 19, 2012

LPL FINANCIAL RESEARCH

Tracking #1-119298 (Exp. 11/13)

Global Gridlock Weekly Market Commentary

Highlights: With the power transitions taking place last week, it has become apparent that gridlock is now a global phenomenon taking root in the United States, Europe, and China.

Fortunately for them, the Chinese possess an advantage that other countries do not: economic growth seems to be improving.

Investments that benefit from China’s growth may do well, namely commodities such as precious metals and oil, along with stock market sectors that benefit from solid export demand from China, like information technology.

Download the full Weekly Market Commentary article Global Gridlock

Jeffrey Kleintop, CFA

Chief Market Strategist LPL Financial
November 12, 2012

LPL FINANCIAL RESEARCH

Tracking #1-117442 (Exp. 11/13)

The Fiscal Cliff – LPL Video

LPL Financial Research’s Jeffrey Kleintop talks about the looming fiscal cliff in the video below

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