LPL Research

This Client Letter discusses recent positive indicators for U.S. economy and stocks, which we believe outweigh some areas for investor concern.

Signs of sustainable productivity growth are emerging, thanks to solid economic fundamentals and the tailwind of fiscal stimulus.

S&P 500 GICS sectors will undergo a significant shift later this month with a big revamp and expansion of the telecommunication services sector.

Recent Fed communication reinforced its view that gradual hikes were the appropriate response to a strong economy, near-target inflation, and balanced risks.

Second quarter earnings season was quite impressive, with S&P 500 Index earnings growing 25% year over year.

It has been a complicated year for emerging markets (EM).

We think emerging markets (EM) contagion fears resulting from the crisis in Turkey may be overdone.

Positions maintained (no changes); updates on LPL Research’s views on equity, equity sectors, fixed income, and alternative asset classes.

The bull market continues to defy the skeptics and is now nearing a major milestone.

As the U.S. economic recovery moves into its later stages, inflation has emerged at a surprisingly slow and inconsistent rate.