Midyear Outlook 2018

Earnings Growth Peaks Are Not Typically Soon Followed by Recessions – Six decades of earnings growth peaks suggests that it took an average of about four years from a profit growth peak before the economy slipped into recession. – The S&P 500 Index gained an...

Midyear Outlook 2018

A Flatter Yield Curve Doesn’t Necessarily Mean a Recession Is Around the Corner – A look at the last five economic cycles shows that once the yield curve flattens (represented by a spread reaching 0.5%) the time to recession averaged almost four years. – Stock prices...

Midyear Outlook 2018

A Peak in Manufacturing Doesn’t Mean Stock Market Gains Are Over – Over the last five economic cycles, expansions continued for nearly four years (on average) following an ISM manufacturing peak. – During this period, the S&P 500 Index cumulatively gained an...

Midyear Outlook 2018

Midyear Outlook 2018 Chart Book – PDF of the charts featured in our Midyear Outlook 2018: The Plot Thickens. – Click the link below to download the PDF file. Click here to download a PDF of this report.   Source: Source: LPL Research 07/11/18 Important...