LPL Market Commentary

Each week the LPL Financial Research team assembles thoughtful insight on market news.

The Stock Market, Economy, and New Year: Three Reasons To Be Thankful

November 22, 2021 | LPL Research

There are only six weeks to go in 2021 and it has been an incredible year for the stock market bulls. In fact, in many ways it could go down as one of the best years ever. This week, in honor of Thanksgiving, we wanted to take a closer look at three reasons to be thankful. From the stock market to the economy, there are indeed many reasons to be thankful this year. 

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A Peek at Peak Inflation

November 15, 2021 | LPL Research

After an upside inflation surprise in October, it’s clear that peak inflation may still be ahead, possibly even pushing into 2022. While the Federal Reserve (Fed) maintains its position that elevated inflation will be transitory, we have yet to see progress. We look at five signs to watch for over the next several months that may signal that inflation may be near or at its peak. 

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Developed International: If Not Now, When?

November 8, 2021 | LPL Research

Since we began our investing careers, we’ve had the concept of diversification drilled into our heads. Some refer to it as the only free lunch in investing. Well, when it comes to geography, that advice hasn’t been helpful for some time (you could say the same about value-style investing). Staying close to home and favoring the United States won’t always be the best move, but for now, we think it still is—as we discuss here. 

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5 Things That Might Spook Markets

November 1, 2021 | LPL Research

The S&P 500 Index has gained more than 20% so far this year, making more than 50 record highs along the way. Certainly nobody should be upset with that return if that was all 2021 brought us. However, we see signs that there could be more gains to come in the final two months of the year. 

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Bullish Setup Into Year-End

October 25, 2021 | LPL Research

The S&P 500 Index has gained more than 20% so far this year, making more than 50 record highs along the way. Certainly nobody should be upset with that return if that was all 2021 brought us. However, we see signs that there could be more gains to come in the final two months of the year. 

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Q3 Earnings Preview: Less Upside

October 18, 2021 | LPL Research

Looking out to 2022, prospects for above-average economic growth and further earnings gains potentially point to another good year for stock investors, though probably not as good as 2021 has been.

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Answering the Top Debt Ceiling Questions

October 11, 2021 | LPL Research

Last week, Congress was able to push back a fast-approaching deadline for raising the debt ceiling to December. LPL Research takes a closer look at the debt ceiling and the potential consequences of failing to raise it. 

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Early Thoughts on 2022 from LPL Research

October 4, 2021 | LPL Research

With the fourth quarter underway—historically the best quarter for stocks, by the way—2022 is fast approaching. While a lot can still happen between now and the end of 2021, we don’t think it’s too early to start thinking about what stocks might do next year.

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To Z or Not to Z: Why the Shape of the Recovery Still Matters

September 27, 2021 | LPL Research

 In 2022 we may see economic growth exceed potential, creating a Z-shaped recovery— something we haven’t really seen since the early 1970s. What is a Z-shaped recovery and what might it mean for the Federal Reserve (Fed), inflation, and markets?

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Revisiting Our 10-Year Treasury Yield Forecast

September 20, 2021 | LPL Research

LPL Research examines two key elements that prompted us to slightly lower our year-end forecast for the 10-year Treasury yield.


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Policy Risks Loom But Clarity Ahead

September 13, 2021 | LPL Research

LPL Research explores a few policy-related risks that may increase market volatility in the near-term but maintain the fundamental backdrop for the economy remains strong.


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Poking The Bear

August 30, 2021 | LPL Research

LPL Research explores five things that some bears believe that do not worry us. 


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Why Stagflation Isn’t In the Cards

August 23, 2021 | LPL Research

Stagflation and a return to the weak equity markets of the 1970s would be understandably scary; however, we remain skeptical that either runaway inflation or low growth are right around the corner.


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Corporate America Does It Again

August 16, 2021 | LPL Research

The key question now is: Will the strong earnings momentum continue? We think so, although the amount of upside will likely continue to shrink in the second half, as it did between the first and second quarters.


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COVID Update: Delta Variant Market Impact

August 9th, 2021 | LPL Research

LPL Research shares some insight into how the Delta variant may impact markets throughout August 2021.


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Five Things To Know Heading Into August

August 2, 2021 | LPL Research

"Market moving events happen all the time, but last week was one of the largest of the year."


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