Jeffrey Kleintop, CFA Chief Market Strategist LPL Financial Highlights A catalyst for a late year rally could be the upcoming mid-term elections. The market’s reaction to mid-term elections has almost always been positive, with fourth quarter gains averaging 8% in mid-term election years. So far, the stock market performance in 2010 has tracked the typical [...]
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LPL Financial Weekly Market Commentary for August 9, 2010
by Rose Greene, CFP August 13, 2010Uncertain Fed Means Certain Outcome Jeffrey Kleintop, CFA Chief Market Strategist LPL Financial Highlights In his recent testimony to Congress, Federal Reserve Chairman Ben Bernanke used the phrase “unusually uncertain” to describe the U.S. economic outlook. However, based on the Fed’s own words, this current level of uncertainty is actually common at this stage of [...]
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