The Second Half: Constructive on Equities, But Not Complacent
While we acknowledge that a V-shaped recovery is probably not in the cards, we remain constructive on equities for the second half, but not complacent.
Relief at the Pump and for Portfolios?
We see some early signs that energy trends could be changing, which would not only have positive implications for consumers’ wallets, but also potentially investors’ investment portfolios.
Is the 60/40 Portfolio Dead?
This year has been tough for investors, not just because stocks have fallen but also because bonds have not helped mitigate those losses as they have historically done. What does this mean for the 60/40 portfolio?
The Economy Is Slowing But Not Shrinking
Many pundits are issuing recession warnings and saying the economy is heading for a hard landing. Amid the cacophony of voices, we think the economy is slowing just like central bankers want but not shrinking.
Looking through the Clouds
Making the case for stocks to stage a second half rally back to the prior highs requires investors to see through some heavy cloud cover.
Corporate America Delivers, Market Attention Focused Elsewhere
First quarter earnings season was solid by just about any measure, but based on recent market behavior it’s obvious that in general market participants paid little attention.
Have We Really Seen Extreme Pessimism Yet?
It’s been a very tough start to the year with both stocks and bonds down sharply. So perhaps it is no surprise that investor sentiment polls are showing signs of extreme pessimism.
Why You Shouldn’t Sell Your Stocks in May This Year
“Sell in May and go away” is probably the most widely cited stock market cliché in history. This week, we tackle this commonly cited seasonal pattern and why it might not play out this year, similar to recent years.
What to Watch This Earnings Season
Earnings will be key to the path for stocks the rest of the year given that we believe valuation expansion will be tough to come by with higher interest rates and stubbornly high inflation.
Headwinds to Global Growth: An Economy of Two Halves
The team at LPL Research reduced U.S. and global GDP forecasts due to Russian commodity disruptions, elevated inflation dynamics, and higher borrowing costs. Still, we expect the U.S. economy to grow 2.7-3.2% in 2022, supported by business investment and consumer services spending in the latter half of this year.