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☆ Cooling inflation data means the Fed is in position to cut rate in June, chief economist says
▼ + stars: | 2024-03-30 | by ( Aruni Soni | ) www.businessinsider.com time to read: +1 min

Cooling inflation data means the Fed is in position to cut rate in June, LPL's chief economist said. The PCE index, which is the Fed's preferred inflation gauge, decelerated to a 0.3% monthly increase, down from 0.5% in January. Services spending has slowed which indicates that growth in consumer spending will ease in the coming months, Jeffrey Roach said. AdvertisementThe latest inflation data has rolled in in line with expectations, and it's good news for those waiting on rate cuts. The Personal Consumption Expenditures index — which is the Fed's preferred inflation gauge — decelerated to a 0.3% monthly increase, down from 0.5% in January.

Persons: LPL's, Jeffrey Roach, — Organizations: Services, Service, Business

☆ S&P 500 rallies to key 4,600 level and nears all-time high. What chartists say happens next
▼ + stars: | 2023-12-05 | by ( Sarah Min | ) www.cnbc.com time to read: +4 min

Investors are watching the S & P 500 after it rallied back toward the key 4,600 level to see if it can break out to new all-time highs. A record high in the S & P 500 looks promising after the broader index on Friday closed at 4,594.63, or its best level since March 2022. In July, the last time the S & P 500 tested the threshold, the rally was led by mega-cap tech stocks. On Monday, the market rally took a breather; the S & P 500 ended the session lower by 0.5%, and it stood about 5% below its record. In fact, one market technician on Monday said the S & P 500 could plunge back to its bear market lows in 2024.

Persons: Stocks, Wolfe, Rob Ginsberg, Ginsberg, BTIG's Jonathan Krinsky, you've, JPMorgan's, Jason Hunter, Hunter, CNBC's, Adam Turnquist, he's, Oppenheimer's Ari Wald, Wald, JC O'Hara, Roth MKM, Lululemon, O'Hara, — CNBC's Michael Bloom, Chris Hayes Organizations: Broadcom Locations: oversold

☆ Wall St Week Ahead Tax-loss selling, 'Santa rally' could sway U.S. stocks after November melt-up
▼ + stars: | 2023-12-02 | by ( David Randall | ) www.reuters.com time to read: +5 min

The key catalyst for stocks will likely continue to be the expected trajectory of the Federal Reserve's monetary policy. In September, historically the weakest month for stocks, the S&P 500 fell nearly 5%. The S&P 500 gained nearly 9% gain in November, historically a strong month for the index. Overall, December has been the second-best month for the S&P 500, with the index up an average of 1.54% for the month since 1945, according to CFRA. Many other names have languished: The equal-weighted S&P 500, whose performance is not skewed by big tech and growth stocks, is up around 6% in 2023.

Persons: Mike Segar, Santa Claus, Stocks, We've, Sam Stovall, Claus, Kraft Heinz, BofA, Sameer Samana, Dow, Michael Hartnett, David Randall, Ira Iosebashvili, Richard Chang Organizations: New York Stock Exchange, REUTERS, Federal, Research, Investors, LPL, BofA Global Research, PayPal Holdings, CVS Health, Kraft, Wells, Investment Institute, Nvidia, Dow Jones, Coinbase Global, Innovation, Thomson Locations: Manhattan, New York City , New York, U.S, Santa, New York

☆ Consumers are still spending, but they're under pressure. These stocks still have room to run
▼ + stars: | 2023-11-06 | by ( Pia Singh | ) www.cnbc.com time to read: +12 min

Persistent inflationary pressures have led to depressed levels of consumer spending all year, according to Bank of America. Consumers are still spending — in fact, they're spending more than they are earning — as employment levels and hourly wage growth remain fairly strong . Some analysts see an opportunity to pick up shares of battered-down retail stocks. According to Barclay's Yih, spending levels "almost have to be worse" next year. LPL's Roach similarly expects consumers spending to hit a roadblock in the coming months.

Persons: bode, Neuberger Berman, Steve Eisman, Jeffrey Roach, Adrienne Yih, Yih, Randy Hare, Ross, Polly Wong, Belardi Wong, James Lewis, Huntington's Hare, Bartlett, Chris Kempczinski, Lewis, …, it's, Anthony Chukumba, Chukumba, Wells, Ike Boruchow, Kathleen Entwistle, Entwistle, LPL's Roach, Morgan Stanley's Entwistle, Barclay's Yih, Roach Organizations: Bank of America, CNBC, Consumers, Barclays, Ross, Huntington National Bank, Bartlett Wealth Management, Walmart, Retailers, Republic, Urban Outfitters, Eagle Outfitters, National, Capital, National Vision, Nike, Ross Stores, Morgan Stanley Private Wealth Management, Investments, Citizens JMP Securities, Delta Air Lines, Deutsche Bank Locations: U.S, Wells Fargo

☆ CHART OF THE DAY: Here's the simple reason why home prices won't fall anytime soon
▼ + stars: | 2023-10-17 | by ( Matthew Fox | ) www.businessinsider.com time to read: +2 min

A steady decline in home inventory since 2006 is helping push home prices consistently higher. "Perhaps the housing market is not as interest rate-sensitive now as it historically has been," LPL Financial said. AdvertisementAdvertisementOur Chart of the Day is from LPL Financial, which highlights the ongoing relationship between home prices and existing home inventory. The chart shows that the resilient climb in home prices comes as existing home inventory has been steadily falling. "Perhaps the housing market is not as interest rate-sensitive now as it historically has been."

Persons: —, Patrick Harker, Harker, Jeffrey Roach, Roach Organizations: Service, LPL, Mortgage, Association

He said in the short-term resources could be diverted if the conflict expands, such as staff at tech companies being called up as military reservists. "They will probably increase the investment in AI," Krosby said. "It could bolster support for more financial resources for tech for the military, which then ultimately transitions to the private sector tech companies," Krosby added. The tech sector has shown resilience in the past, overcoming a number of conflicts with Hamas in Gaza. Apjit Walia the Managing Director at DVN Capital said the Israeli tech sector "has historically bounced back from geopolitical tragedies."

Persons: Amir Cohen, Israel, Jack Ablin, Quincy Krosby, Jensen Huang, Benjamin Netanyahu, LPL's Krosby, Krosby, DVN Capital, Max A, Cherney, Mica Rosenberg, Steven Scheer, Kenneth Li, Megan Davies, Jamie Freed Organizations: Intel, REUTERS, FRANCISCO, Tech, Hamas, Cresset Wealth, Financial, Intel Corp, Sunday, Nvidia, Tel, Semiconductor, Meta, Apple, Microsoft, IBM, Google, Facebook, DVN, Thomson Locations: Petah Tikva, Tel Aviv, Israel, JERUSALEM, Gaza, Charlotte , North Carolina, United States, Silicon Valley, Kiryat Gat, Apjit, Francisco, New York, Jerusalem

☆ Inflation is falling and the end of rate hikes is in sight - so why are bond yields still rising?
▼ + stars: | 2023-08-17 | by ( Max Adams | ) www.businessinsider.com time to read: +4 min

The 10-year Treasury yield is firmly above 4% in August, helping to stall the stock market's strong 2023 rally. But with the end of rate hikes in sight as inflation keeps falling, yields should theoretically be doing the opposite. Here's why Treasury yields have been steadily moving up this month. Rising yields have dented the stock market's stellar 2023 rally, confounding and frustrating markets that see an end in sight to the Federal Reserve's rate hiking campaign amid dwindling inflation. "Our base case remains that the U.S. economy will slow down/contract due to the elevated interest rates caused by the Fed rate hiking campaign," LPL's Gillum said.

Persons: Lawrence Gillum, Brandon Hall, screech, LPL's Gillum Organizations: Treasury, Service, LPL, Fed, JPMorgan, Tech Locations: Here's, Wall, Silicon, Treasuries, U.S

☆ US stocks finish the week mostly lower as July inflation data comes in mixed
▼ + stars: | 2023-08-11 | by ( Matthew Fox | ) www.businessinsider.com time to read: +2 min

US stocks finished the week mostly lower as investors digest mixed inflation data. While the July CPI report came in lower than expected, the producer price index was higher than economist estimates. The conflicting data will serve as a major input into the Federal Reserve's next interest rate decision. The July consumer price index came in lower than economist estimates and showed a continued cooldown in inflation, while July producer price index came in hotter than economist estimates, though it did indicate most prices are falling from year-ago levels. Despite the conflicting data, investors still expect the Federal Reserve to pause their interest rate hikes at their September FOMC meeting, according to the CME FedWatch Tool.

Persons: Quincy Krosby, it's Organizations: Federal, Service, Federal Reserve, Dow Jones, Nasdaq Locations: Wall, Silicon

☆ Wall Street ends down, investors step back after Fitch US rating cut
▼ + stars: | 2023-08-02 | by ( David French | ) www.reuters.com time to read: +5 min

Fitch was the second major agency to cut the country's rating. Reaction to the news pushed major indexes lower, with the S&P 500 (.SPX) recording its biggest daily percentage drop since April 25. REUTERS/Brendan McDermid/File PhotoThe technology index (.SPLRCT), dropping 2.6%, was also the worst performer of the 11 major S&P sectors, with nine in total ending the day lower. With around two-thirds of the S&P 500 having already reported, 79.9% have posted earnings above analysts' expectations, per Refinitiv I/B/E/S. The S&P 500 posted 12 new 52-week highs and five new lows; the Nasdaq Composite recorded 49 new highs and 111 new lows.

Persons: Fitch, brokerages, Quincy Krosby, Brendan McDermid, LPL's Krosby, Krosby, Emerson, Johann M Cherian, David French, Lewis Krauskopf, Saumyadeb Chakrabarty, Vinay Dwivedi, David Gregorio Our Organizations: Dow, Nasdaq, Wall, AAA, LPL Financial, Fitch, AA, Nvidia, Apple, Tech, New York Stock Exchange, REUTERS, Amazon.com Inc, Dow Jones, ADP, CVS Health Corp, Devices, Thomson Locations: States, U.S, Charlotte , North Carolina, New York City, America, Bengaluru, New York

☆ History shows us this market is 'a real bull', says LPL's Jeff Buchbinder
▼ + stars: | 2023-06-29 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHistory shows us this market is 'a real bull', says LPL's Jeff BuchbinderAnn Miletti, Allspring Global Investments head of active equity and Jeff Buchbinder, LPL Financial chief equity strategist, join 'Closing Bell Overtime' to discuss the day's market action, where the stock market is headed in the second half of the year, a surprise GDP revision, and more.

Persons: Jeff Buchbinder Ann Miletti, Jeff Buchbinder Organizations: Allspring Global Investments, LPL Financial

With inflation still high, Phil Blancato CEO Ladenburg Asset Management said Powell is "not wrong" to keep policy tight. Apple Inc (AAPL.O) hit an all-time high during the session and registered a record closing high for the second session in a row. [1/2]Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., June 27, 2023. The S&P banks index (.SPXBK) slipped 0.5% ahead of the Fed's annual stress test results after markets close on Wednesday. The S&P 500 posted 39 new 52-week highs and 6 new lows; the Nasdaq Composite recorded 70 new highs and 127 new lows.

Persons: Fed's Powell, Jerome Powell, Powell, Quincy Krosby, Phil Blancato, Brendan McDermid, decliners, LPL's Krosby, Oppenheimer, Mills, Sinéad Carew, Sruthi Shankar, Johann M, Vinay Dwivedi, David Gregorio Our Organizations: Dow, Nasdaq, Federal, European Central Bank, Global, LPL, Management, Independence, Traders, Dow Jones, Apple Inc, Microsoft, P's, Nvidia, Wall Street Journal, New York Stock Exchange, REUTERS, Investors, Netflix Inc, NYSE, Thomson Locations: Quincy, United States, China, New York City, U.S, New York, Bengaluru

☆ Your brokerage is paying more for your idle cash. These firms are boosting rates, BofA says
▼ + stars: | 2023-05-12 | by ( Darla Mercado | Cfp | ) www.cnbc.com time to read: +2 min

Select brokerage firms are boosting the rates they pay on idle cash just sitting in retail investors' accounts. Vanguard recently boosted its cash sweep rate to 3.5% from 3.25%, Bank of America found, while Fidelity Investments is now offering a 2.6% rate on cash . LPL raised its cash sweep rate as much as 60 basis points for its wealthiest clients, BofA found. Subscribers to Robinhood Gold , a service that gives clients access to market research, offers a 4.65% interest rate on cash. Clients who don't participate in Robinhood Gold are eligible for a 1.5% rate on their idle cash.

☆ US stocks fall as weakening data suggests recession coming for the economy
▼ + stars: | 2023-04-20 | by ( Matthew Fox | ) www.businessinsider.com time to read: +2 min

US stocks fell on Thursday after a slew of economic data suggested a recession is coming. Disappointing earnings from Tesla and AT&T led to a 11% sell-off for both stocks. AT&T also reported earnings that fell flat with investors, sending the stock down as much as 11%. And the Philadelphia Fed Factory index reported another contraction in April, representing the eighth consecutive month of declines in manufacturing activity. A recession is all but certain, so the more important question is if markets will hit new lows as the economy contracts.

☆ The Treasury market is starting to price in the possibility of a US debt default in July
▼ + stars: | 2023-04-19 | by ( Matthew Fox | ) www.businessinsider.com time to read: +3 min

The Treasury market is starting to price in the possibility of a US debt default later this summer. The difference in yields between US Treasury bills maturing in May and July hit a record 1.49%. "Investors are likely demanding more to hold those securities at risk of delayed payment," LPL Research said. The one-month Treasury bill currently yields about 3.71%, compared to 5.14% for a 3-month Treasury bill. A similar scenario could play out this time as Republicans show no signs of working with Democrats to pass a debt limit increase, despite continued remarks from both sides of the aisle that a US debt default "is not an option."

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☆ An indicator with a 94% accuracy rate says stocks will finish 2023 positive, according to $1 trillion LPL. Here's their top pick for where to put your money right now — and 5 other areas of the market
▼ + stars: | 2023-04-06 | by ( William Edwards | ) www.businessinsider.com time to read: +4 min

The December Low Indicator just signaled stocks should finish 2023 in the green. The indicator also shows the S&P 500 could return well above 10% this year. A stock-market signal with a 94% accuracy rate just delivered good news: there's a high chance stocks finish positive in 2023. The S&P 500 returned more than 7% in the first quarter, so it's well on its way to a double-digit year." The Vanguard Industrials ETF (VIS) and the iShares S&P 500 Value ETF (IVE) offer exposure to the above areas of the market.

☆ More signs are pointing to an imminent slowdown in the US economy
▼ + stars: | 2023-04-06 | by ( Matthew Fox | ) www.businessinsider.com time to read: +4 min

The US economy is showing signs of a sudden slowdown after a year of tightening financial conditions. "Expectations of tightening lending standards contributed to the market's concern that an economic slowdown is unfolding in real time," LPL said. A potential economic slowdown is also starting to show up in retail sales growth, which fell 0.4% in February. Mester's comments "contributed to the market's increasing concern that an economic slowdown is unfolding in real time," LPL's chief global strategist Quincy Krosby told Insider. First-quarter earnings season kicks off next week with the bank stocks, while the March jobs report will be released this Friday, when the stock market is closed for Good Friday.

☆ The market can't dismiss operating margins being affected by higher wages, says LPL's Quincy Krosby
▼ + stars: | 2023-03-31 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe market can't dismiss operating margins being affected by higher wages, says LPL's Quincy KrosbyQuincy Krosby, chief global strategist at LPL Financial, joins 'The Exchange' to discuss the impact wages have on operating margins, tightening credit conditions adding stress to borrowing, and investment opportunities in developed markets.

☆ US stocks fall as investors weigh solid retail sales data against Target's warning of weaker holiday spending
▼ + stars: | 2022-11-16 | by ( Matthew Fox | ) www.businessinsider.com time to read: +2 min

US stocks fell on Wednesday as investors digested retail sales data and Target's quarterly earnings. Retail sales jumped 1.3% in October, ahead of estimates for a 1% gain, as consumers remain on solid footing. Third-quarter earnings from Target disappointed investors as the retailer warned of a murky holiday shopping season. Retail sales jumped 1.3% in October to $694.5 billion, well ahead of estimates for a 1% gain, led by higher gas prices and auto sales. While retail sales jumped in October, one retailer was unable to fully capitalize off those gains.

☆ Dow gains 1,200 points and Nasdaq surges 7% in blistering rally following October CPI report
▼ + stars: | 2022-11-10 | by ( Matthew Fox | ) www.businessinsider.com time to read: +2 min

The 10-year US Treasury yield plunged 31 basis points and the US dollar Index fell more than 2%. The Nasdaq closed an eye-popping 7.35% higher, and the Dow Jones Industrial Average spiked nearly 1,200 points. Meanwhile, core monthly inflation, which excludes food and energy, increased 0.3%, below estimates for a rise of 0.5%. The move in assets was immediate following the CPI release, with the 10-year US Treasury yield plunging an immediate 20 basis points, eventually falling 31 basis points. Meanwhile, the US Dollar Index plunged more than 2%, it's weakest day in more than 10 years.

☆ Investors shouldn't wait for the Fed to rescue the market this time
▼ + stars: | 2022-09-27 | by ( Jeff Cox | ) www.cnbc.com time to read: +6 min

"There may well be someplace where the Fed says they've turned the screws too hard. But, it's going to have to be something more exogenous," said Art Hogan, chief market strategist at B Riley Wealth Management. "If in fact there is a Fed put, it's certainly got a strike price that's much lower than where we are now." The Fed has had only limited success in slowing price increases, and a resilient labor market is pointing to continued inflation pressures. The result has been a Fed tightening policy more aggressively than it has done in at least 30 years, posing threats to economic and financial stability.

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