A Sentiment Check | Weekly Market Commentary | January 27, 2020

U.S. stocks have staged an impressive rally over the past few months. While we like seeing stocks rise, we’re starting to see signs of overbought conditions and stretched sentiment in market indicators we watch. We still believe in long-term fundamentals, but we think...

LPL Financial Research Q4 2019 Earnings Season Dashboard

With just 45 S&P 500 Index companies having reported, fourth quarter 2019 earnings growth is tracking to a 2.4% yearover-year decline on 2.5% revenue growth. It’s early in the season, but the slight increase in 2020 S&P 500 earnings estimates since December...

Recession Watch – January 2020

Our Recession Watch Dashboard is showing an overall low risk of recession starting within the next year. Because data for the components of this dashboard are available with varying frequencies, some will be more current than others. In all cases, we have used the...

Portfolio Compass | January 15, 2019

COMPASS CHANGES Upgraded financials view to neutral/positive from neutral Upgraded industrial metals view to neutral from negative/neutral INVESTMENT TAKEAWAYS Our S&P 500 Index year-end 2020 fair value target range of 3,250–3,300 is based on a price to-earnings...