LPL Research

“Spreads across various sectors of fixed income are signaling that areas of recent stress are receding, a positive omen for bonds and stocks alike.”

“Economic reports released in March 2018, largely reflecting economic activity in February, rebounded from subpar data released in February, putting the economy on track for solid but not spectacular first quarter growth. “

“We preview what we expect may be a very strong earnings season and highlight some key dynamics we will be watching.”

“While the month of April has opened with some volatile market swings, we should remain focused on the underlying drivers that have a longer-term impact on the markets and economy.”

“Despite a late-quarter rally, high-quality fixed income had a difficult start to 2018, but the ride over the remainder of the year could be smoother.”

“April will include several significant events that have the potential to be market movers.”

“This week’s Weekly Market Commentary recaps first quarter stock market performance, discusses some of the themes that were in play, and summarizes our outlook for the rest of the year.”

“The spread between the three-month London Interbank Offering Rate (LIBOR) and the Overnight Indexed Swap (OIS) has widened to its highest level since 2008.”

“We share our “Final Four Factors” for the stock market in 2018: economic growth, earnings, trade policy, and the midterm elections.”

“TBased on our analysis, the Beige Book continues to deliver a positive view of the U.S. economy. “