Time For a Small Break?
Small cap stocks staged a furious rally to kick off 2019, with the Russell 2000 Index up nearly 18% year to date at the early March peak. Of course, you may remember that small caps were down much more than large caps at the end of 2018, as the Russell 2000 lost 20.5% in the fourth quarter of the worst quarterly decline since the U.S. debt downgrade in the third quarter of 2011.READ MORE
Will Brexit Go On Forever, Like Pi?
The Brexit saga seems like it has no end—sort of like the digits of pi as we celebrate National Pi Day today.READ MORE
What Type of Pullback Could We See?
The S&P 500 Index corrected nearly 20% from the September peak until December 24 before staging a furious rally of 19%. What could happen next? A well-deserved pullback would probably be perfectly normal, and in fact, is probably needed before another surge higher can occur. Now the $64,000 question: Would a pullback be a retest of the December lows, a 10% correction, or something more modest?READ MORE
Waking Up the Yield Curve
The Federal Reserve (Fed) heard the market’s alarm and shifted its stance, but the U.S. yield curve hasn’t woken up yet.READ MORE
Weekly Market Commentary | March 11, 2019
Following the strong 2019 rally, we ask if stocks are overdue for a pullback. The S&P 500 Index rallied 17% in 2019 and 9.4% since the December 24, 2018, low.READ MORE
Main Street’s Sentiment Falls to 7-Year Low
Pessimism has rapidly infiltrated Main Street’s outlook, according to the latest Federal Reserve (Fed) Beige Book. LPL Research maintains a straightforward but informative indicator called the Beige Book Barometer (BBB), which helps us gauge Main Street’s sentiment by looking at how frequently keywords and phrases appear in the Beige Book.READ MORE