LPL Research

Market reaction to Italy’s political woes was swift and pronounced, but ultimately overdone.

When we compare Europe’s economic and corporate fundamentals with those in the U.S., even factoring in valuations, we think Europe comes up short.

The May jobs data were generally positive, and job growth may be accelerating after slowing since 2015.

Municipal bonds have outperformed broad high-quality fixed income since early 2017.

After a great start to 2018, we believe small caps’ strength to continue.

The Fed minutes’ emphasis on a symmetric inflation target reassured markets that the pace of rate hikes would remain gradual.

Signs of emerging market debt (EMD) weakness have been evident since late April.

We continue to prefer emerging market (EM) equities in tactical asset allocations.

The U.S. dollar has staged a strong rally recently after significant weakness in 2017.

“Updates on LPL Research’s views on equity, equity sectors, fixed income, and alternative asset classes.”