LPL Research

In testimony to Congress, Fed Chair Powell largely stuck to the script, saying little to alter the Fed’s perceived course.

The economy may have posted unusually strong growth of near 4% or more in the second quarter.

Consensus estimates are calling for a 21% year-over-year increase in S&P 500 earnings for the second quarter.

Downgraded large/small foreign equities to negative/neutral from neutral. Downgraded industrial metals to neutral from neutral/positive. Downgraded agriculture to negative/neutral from neutral.

Rates may be poised to rise further in the second half of 2018, though likely at a slower pace than the first half of the year.

The global growth story remains steady in 2018, with growth forecast at 3.8%.

The current environment looks favorable for strong earnings and stock gains.

The Executive Summary highlights key themes and LPL Research economic and market forecasts from Midyear Outlook 2018: The Plot Thickens

The LPL Research Midyear Outlook 2018: The Plot Thickens provides insightful commentary to help you navigate the rest of the year.

The LPL Research team proudly presents the Midyear Outlook 2018: The Plot Thickens, with investment insights and market guidance covering the rest of the year.