LPL Research

“The latest data on GDP, inflation, and the job market continue to paint a positive picture of the U.S. economy.”

“Jerome Powell will take over as Fed chair on February 3 and may continue the path of data-dependent, gradual rate hikes laid out by his predecessor, Janet Yellen.”

“The recent lack of volatility in the U.S. stock market has been historic on many levels.”

“The Beige Book suggests continued moderate economic growth.”

“Treasury yields have seen a significant increase since early September 2017, but credit markets aren’t showing any signs of stress.”

“We expect a solid fourth quarter earnings season and believe a 14–16% year-over-year increase in S&P 500 earnings is achievable.”

“2017 was an excellent year for international equities, particularly EM.”

“Dollar weakness in 2017 helped propel unhedged foreign developed bonds and U.S. dollar-denominated EMD to strong performance.”

“Global economic growth was stronger than expected in 2017, and we  anticipate moderate acceleration in 2018.”

“Data point to a U.S. economy that has picked up some speed.”