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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…
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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.
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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.
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Don’t Fret About the February Jobs Report
February’s smaller-than-expected jobs gain may put investors on edge, but underlying details show there isn’t much to fret about. Nonfarm payrolls rose 20K, missing consensus estimates of 180K by the widest margin since March 2015. While the headline number is disappointing, it isn’t as surprising when considering recent strength in payrolls.
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10 Years and Counting
This Saturday, March 9, 2019, marks the 10-year anniversary of the end of the worst bear market for U.S. stocks since the Great Depression.
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The Nasdaq’s 10 Weeks of Green
U.S. stocks’ recent momentum has been historically impressive by many measures, and the Nasdaq Composite Index notched another milestone last week.