Kicking the Cannes Jeffrey Kleintop, CFA Chief Market Strategist LPL Financial Highlights Stock market volatility was driven by last week’s political brinkmanship derailing plans to secure funding support from China and other countries for the European debt rescue plan, kicking the implementation of the plan down the road well past the G20 meeting in Cannes. [...]
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LPL Financial Research
Trick or Treat Jeffrey Kleintop, CFA Chief Market Strategist LPL Financial Highlights Investors were treated to powerful gains last week as European policymakers crafted a deal to avoid a 2008-like financial crisis and economic and profit reports in the United States reflected solid growth. We believe last week’s European rescue deal is more treat than [...]
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The Greek Haircut Jeffrey Kleintop, CFA Chief Market Strategist LPL Financial Highlights Despite all the headlines, yields for Italy, Spain, Portugal and Ireland’s sovereign debt are at or below where they were in mid- July when the second rescue package for Greece was drafted. While the second Greek rescue stemmed the decline in the sovereign [...]
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A More Durable Rally Jeffrey Kleintop, CFA Chief Market Strategist LPL Financial Highlights There are several reasons why this stock market rally may be more durable than those that preceded it in recent months. It is possible that the substantial developments in Europe are taking the fear of a repeat of the financial crisis of [...]
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LPL Financial Weekly Market Commentary for November 15, 2011
by Rose Greene, CFP on November 15, 2011
The Best Year-End Strategy May be to Invest by the Book Jeffrey Kleintop, CFA Chief Market Strategist LPL Financial Highlights All of the time-worn stock market trading axioms based on the calendar actually were worth following this year, including the “January effect”, “sell in May and go away” and October the “bear killer” month. This [...]
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