Market Blog September 24, 2019 As shown in the LPL Chart of the Day, the 10-year Treasury yield jumped 34 basis points (0.34%) in the week ending September 13, then gave back half that gain in a 17 basis point … Continue reading
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Daily Insights Stocks rise on trade optimism. U.S. stocks are higher this morning amid news that face-to-face trade talks between the U.S. and China will begin on October 7. The U.S. and China have been expected to meet in October, … Continue reading
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Daily Insights Manufacturing slump deepens. The global manufacturing slump has deepened even further, according to Markit Purchasing Managers’ Index (PMI) September data released today. The most notable detail in the data was Germany’s manufacturing PMI, which unexpectedly fell to 41.4, … Continue reading
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Market Blog September 20, 2019 September is historically known as one of the worst for stocks, yet in 2019 the S&P 500 Index is up 2.7% so far amid a sea of scary headlines. Incredibly, the S&P 500 has wavered … Continue reading
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Daily Insights Sticking near 3,000. U.S. stocks are slightly higher in early trading, as the S&P 500 Index appears set to test the July 26 all-time closing high at 3,025. Despite potential market-moving events, volatility has been largely absent from … Continue reading
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Economic Blog September 19, 2019 U.S. leading indicators were unchanged in August, following a 0.4% increase in July. The Conference Board’s Leading Economic Index (LEI) was flat month over month, beating Bloomberg estimates of a 0.1% decline. As shown in … Continue reading
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Daily Insights Stocks reversed earlier losses and opened higher. Stocks’ resilience over the past 20 hours after a slightly hawkish set of projections from the Federal Reserve (Fed) is encouraging. Few major drivers this morning are in play, but investors … Continue reading
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Economic Blog September 18, 2019 “History does not repeat itself, but it rhymes.” Mark Twain As expected, the Federal Reserve’s (Fed) policy committee cut its policy rate by 25 basis points (.25%) to a target range of 1.75%–2%. This comes … Continue reading
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Daily Insights Fed decision today. The S&P 500 Index set to open relatively flat ahead of the Federal Reserve (Fed) rate decision. The Fed is expected to announce that it is cutting its policy rate by 25 basis points (0.25%) … Continue reading
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Economic Blog September 17, 2019 The Federal Reserve’s (Fed) policy committee starts its sixth two-day policy meeting of the year today. At 2:00 p.m. ET Wednesday, following the meeting’s conclusion, the Fed will announce its rate decision and release a … Continue reading
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