LPL Research

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.

The Federal Reserve is scheduled to announce its next policy decision June 19

Stocks have benefited recently from increasing hopes of a Fed rate cut, although investors probably won’t get one this week.

U.S. economic data improved in May on balance, even as investors battled a resurgence in U.S.-China trade tensions.

This economic expansion is now one of the longest on record.

Policy uncertainty remains high, particularly around trade.

Our June letter discusses the U.S.-China trade dispute, tariffs on Mexican imports, and the possible effects on financial markets. It also explains
why we think the S&P 500 may hit new highs later this year.

Our Five Forecasters are collectively indicating that further economic growth and stock market gains appear likely.

Our Five Forecasters collectively point to economic growth ahead.