LPL Research

In the latest LPL Market Signals podcast, LPL Research’s Chief Equity Strategist Jeffrey Buchbinder is joined by Chief Global Strategist Quincy Krosby to discuss how the election might impact the stock market, highlight several politically sensitive areas to watch as the votes come in, and preview this week’s Federal Reserve meeting.

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In the latest LPL Market Signals podcast, LPL strategists explain the Nasdaq’s seven-week win streak, and what scares them about the markets and economy.

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In the latest LPL Market Signals podcast, LPL Chief Equity Strategist Jeffrey Buchbinder and Chief Fixed Income Strategist Lawrence Gillum explain why yields and stocks continued higher last week and preview third quarter earnings season.

The S&P 500 rose for the sixth straight week last week on solid economic data including better-than-expected gains in retail sales. Small caps and interest rate sensitive sectors outperformed, while precious metals delivered solid gains amid heightened geopolitical risks.

Next the strategists preview third quarter earnings season, where the so-called Magnificent Seven will again be a key driver of overall earnings gains. While expectations for earnings growth in the quarter are modest due to tougher comparisons with 2023 and declines in energy sector profits, earnings are poised to accelerate in coming quarters. Still, they expect 2025 estimates to come down some.

The strategists then discuss why Treasury yields are higher despite the Fed cutting rates last month. Since the Fed cut rates in September by 0.50%, the 10-year Treasury yield is higher by nearly 0.50% because recent economic data has come in better than expected, reducing the need for the Fed to cut rates aggressively.

The strategists wrap up with a preview of the week ahead, including a look at Main Street economies across the U.S. in the Fed’s Beige Book and earnings reports from more than 110 S&P 500 companies.

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In the latest LPL Market Signals podcast, LPL Chief Equity Strategy Jeffrey Buchbinder and LPL Chief Global Strategist Quincy Krosby recap another positive week for stocks with more new highs, celebrate the bull market’s second birthday, and share early reactions to earnings season.

The strategists begin by recapping last week’s gains for the S&P 500 — the fifth straight positive week and 45th record high of 2024. Enthusiasm in artificial intelligence got us there, with technology leading the way.

The strategists then put this bull market in historical perspective now that it has celebrated its second birthday. If the economy continues to hold up, the odds that this bull makes it to three are good.

Last, the strategists react to the strong bank earnings last week before closing with a quick preview of the week ahead.

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LPL strategists review another up week for stocks, a record S&P 500 high, September’s jobs report, and key charts for the week ahead.

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In the latest Market Signals podcast, LPL Financial’s Chief Equity Strategist, Jeffrey Buchbinder, and Chief Economist, Dr. Jeffrey J. Roach, recap another positive week for stocks including more S&P 500 record highs, discuss whether the impact of China’s stimulus moves might be lasting, explain why consumers are in good shape, and preview this week’s jobs report. The S&P 500 has set 42 record highs now after the stock market’s latest rally continued. The strategists highlighted strength in China-sensitive risk assets, including the materials sector and industrial metals, and outperformance of cyclical over defensive sectors. The strategists then discuss the flurry of stimulus announcements in China and the prospects for lasting impact on the growth outlook for the Chinese economy and its markets. After, the strategists walk through several data points to make the case that consumers remain in good shape and have a larger savings buffer than previously believed. Next, the strategists discuss some drivers of rising gold prices and assess prospects for the precious metal going forward. Lastly, the strategists preview the week ahead which includes the important and always much-anticipated monthly jobs report. Job gains below 100 thousand or above 200 thousand would likely be market moving. There are upside risks to the unemployment rate per reports from the Conference Board. LPL Research expects a quarter-point rate cut at each of the next two Fed meetings in November and December.

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In the latest LPL Market Signals podcast, LPL Financial’s Chief Equity Strategist Jeffrey Buchbinder and Chief Fixed Income Strategist Lawrence Gillum recap the best week of the year for the S&P 500, share some reasons to like municipal bonds, and preview this week’s Federal Reserve meeting.

Stocks surged last week thanks in large part to Wednesday’s turnaround sparked by artificial intelligence darling NVIDIA (NVDA) and increasing optimism surrounding Fed rate cuts.

Next, the strategists discussed how the election outcome could impact municipal bonds. With the Tax Cuts and Jobs Act set to expire in 2025, unless there is legislative action, tax rates could be headed higher, which means municipal bonds may appear more attractive compared with taxable alternatives.

Last, the strategists discussed the week ahead when all eyes will of course be on the Federal Reserve and the near-certain first interest rate cut in four years. According to news reports, the Fed is split between a 0.25% cut and 0.50% cut on Wednesday, but the path of rate cuts into 2025 may be more important.

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In the latest LPL Market Signals podcast, LPL Financial’s Chief Equity Strategist Jeffrey Buchbinder and Chief Technical Strategist Adam Turnquist, recap last week’s stock slide, discuss what last Friday’s jobs report means for the Federal Reserve and the economy going forward, and check in on the charts to assess potential additional downside.

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In the latest LPL Market Signals podcast, LPL Financials’ Chief Equity Strategist, Jeff Buchbinder, and Chief Fixed Income Strategist, Lawrence Gillum discuss the S&P 500 Index’s value-led rally to near record highs, some implications of the U.S. debt problem, and September seasonality.

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In the latest LPL Market Signals podcast, LPL strategists discuss the S&P 500 Index’s rebound back to near record highs and highlight several key takeaways from the Federal Reserve’s meeting last week in Jackson Hole, WY.

Stocks enjoyed a solid week last week as markets celebrated the Federal Reserve’s clear message that the time had come to begin cutting interest rates. The Fed will remain data dependent, but 3 rate cuts seems likely by year end. Small caps enjoyed especially strong gains, benefiting from interest rate sensitivity.

With regard to small caps, the strategists suggest that the excitement around the asset class may be overdone given the mixed historical performance relative to large caps around the start of Fed rate cutting cycles.

Next, the strategists discuss what Fed policy means for the U.S. dollar and potential market implications of dollar weakness and highlight some encouraging messages from retailers during earnings season.

Last, the strategists preview the week’s busy economic calendar that includes the important core PCE deflator, the Fed’s preferred inflation measure.

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