LPL Research

U.S. economic data moderated in June as trade tensions plagued the global economy.

Labor market conditions rebounded last month from a disappointing May, easing market worries about the impact
of trade tensions on corporate hiring.

Even after such a strong first half of this year, we think stocks may have more left in the tank.

Trade tensions and market volatility couldn’t stop the United States’ record-setting economic expansion.

Fundamentals continue to support steady but moderate economic growth.

We expect stocks to move higher over the second half of the year.

We are pleased to announce the release of the LPL Research Midyear Outlook 2019: FUNDAMENTAL: How to
Focus on What Really Matters in the Markets, with investment insights and market guidance through the end of 2019

We are pleased to announce the release of the LPL Research Midyear Outlook 2019: FUNDAMENTAL: How to
Focus on What Really Matters in the Markets, with investment insights and market guidance through the end of 2019

The midyear report provides updated views of current fundamentals and factors that should persist as shorter-term concerns fade, while emphasizing the four primary pillars for investing policy, the economy, fixed income, and equities.

Slower but still solid economic growth and modest inflationary pressure may be headwinds for fixed income.