Energy, Financials, and Technology to be Key Q1 Earnings Drivers

– We believe growth will be broad-based in the first quarter, though earnings gains are expected to be particularl strong in the energy, financials, and technology sectors. – Based on consensus estimates, we could see positive earnings growth in all 11 sectors. Click...

Midterm Years Tend to See Larger Pullbacks

– During midterm years, the S&P 500 Index has gained only 0.1% on average between May and October, the worst out of the four-year presidential cycle. – However, that pattern may not hold this year, as the past few years the May through October period stocks have...

Fed Changes Language as Policy Rate Converges on Neutral

– The projected longer-run neutral policy rate and the current rate have been converging from both directions. – At some point, probably in the next year, they’ll be close enough for the Fed to stop calling its policy stance accommodative. Click here to download a PDF...

This May Bode Well for the Remainder of 2018

– When the S&P 500 Index has been up 3% or more heading into the start of summer (like 2018), then the full year has been higher an incredible 35 out of 35 times. – In this case, the rest of the year actually became stronger than the average year. Click here to...

Is Trade Risk Fully Discounted in Industrials?

– Volatility can create attractive investment opportunities. – Industrials may be one such opportunity amid trade fears, with recent underperformance approaching 2015–2016 lows. Click here to download a PDF of this report.   Source: LPL Research, Bloomberg...