• Weekly Market Commentary

    Weekly Market Commentary

    The outstanding fourth-quarter earnings season we had in 2020 is a tough act to follow, but 2021’s first quarter has the makings of another potentially great earnings season. The reopening of the economy continues to move forward, and corporate America has done an excellent job managing through the pandemic. In fact, it won’t take much of an upside surprise for year-over-year S&P 500 Index earnings growth to reach 30% this quarter. The 2021 earnings boom is here.

  • Weekly Economic Update

    Weekly Economic Update

    A blow-out jobs report and an all-time high in the ISM-Services Index, coupled with the continued
    rebound in technology stocks, powered the Dow Industrials and S&P 500 to record highs to open
    a new week of trading.

  • Global Portfolio Strategy

    Global Portfolio Strategy

    We have increased our forecast for U.S. gross domestic product (GDP) growth in 2021 to 6.25%—6.75%, up from 5%—5.5%, due to prospects for a full reopening of the U.S. economy, massive stimulus, and Federal Reserve (Fed) support. With stronger economic growth comes more revenue opportunities for corporate America, so we have also raised our S&P 500 Index earnings per share (EPS) forecast for 2021, to a range of $175–$177.50, up from $170.

  • Financial Outlook 2021

    LPL Outlook 2021

    MORE THAN MOST YEARS, it’s hard to look ahead to the next year, to 2021, without looking back at 2020. A global pandemic, a massive economic collapse, a bear market, a surprisingly sharp reversal, a hotly contested election where passions ran high, the impact of lockdowns—it was an unusual year of extraordinary challenges. In 2021 it’s time to restart the engines, but things are going to look different, feel different. 2020
    has changed us, the way we do business, the way we connect. It’s also shown us our constants, what works for us, and what we hold on to.

  • Midyear Outlook 2020

    LPL Midyear Outlook 2020

    AT THE MIDPOINT of 2020, we’re mindful that it’s been an extremely challenging year so far in the United States and around the globe. We’re in the midst of a pandemic that continues to impact all of us, our communities, and our economies.

  • Financial Outlook 2020

    LPL Financial Outlook 2020

    AT LPL RESEARCH, as we look forward to the year 2020 and a new decade, some key trends and market signals will be important to watch, including progress on U.S.-China trade discussions, an encouraging outlook from corporate America, and continued strength in consumer spending. Trade risk, slower global growth,

  • Midyear Outlook 2019

    LPL Midyear Outlook 2019

    WHEN WE RELEASED our Outlook 2019 - FUNDAMENTAL: How to Focus on What Really Matters in the Markets in December 2018, financial markets were in disarray. Global investors were scared by uncertain monetary policy, fiscal and legislative discord, slowing economic growth, and slackening corporate profits. Despite the increased volatility, we continued to believe that market and economic fundamentals remained generally sound.

  • 2019 Outlook

    LPL Outlook 2019

    AFTER NEARLY 10 YEARS of witnessing the U.S. economy and stock market recover—and thrive—investors are starting to wonder if we’ve seen all this expansion and bull market have to offer. Despite the market weakness we saw at the end of 2018, at LPL Research we expect the U.S. economy to grow in 2019 and support gains for stocks.

  • Outlook 2018

    LPL Outlook 2018

    Over the past eight years extraordinarily accommodative monetary policy has served as the primary catalyst for spurring continued economic growth in the U.S. and around the globe.

  • Stock markets, bond markets, the economy, policy — some years they push and pull on each other lightly as markets follow their own path; in others, one influence, such as monetary policy, dominates.

    LPL Outlook 2017

    Stock markets, bond markets, the economy, policy — some years they push and pull on each other lightly as markets follow their own path; in others, one influence, such as monetary policy, dominates. But sometimes, often following a period of change, understanding the pushes and pulls and how they interact becomes a key to reassessing market dynamics for the next year and beyond.