The Pink Swan Jeffrey Kleintop, CFA Chief Market Strategist LPL Financial Highlights A “black swan” event — a rare, unexpected event that has a major impact — is most often referred to as something with negative consequences. Investors have sharply discounted the odds of a positive surprise, or “pink swan” event. While investors fret over [...]
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Europe’s Problems Are Manageable, but They Need to Be Managed Jeffrey Kleintop, CFA Chief Market Strategist LPL Financial Highlights Stock markets around the world lost over $3 trillion last week and entered a bear market as fear of default among some troubled European nations increased once again. The S&P 500 Index has remained range bound [...]
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The 2012 Election is Very Consequential for Investors Jeffrey Kleintop, CFA Chief Market Strategist LPL Financial Highlights As September draws to a close, we are ending what has traditionally been the best four-quarter period for stocks during the four-year Presidential cycle. Since World War II, the stock market has always posted a double-digit gain from [...]
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Beyond the Near-Term Clouds the Outlook May be Brightening for Long-Term Investors Jeffrey Kleintop, CFA Chief Market Strategist LPL Financial Highlights We believe that the most consistently accurate predictor of long-term stock market returns is the S&P 500 Index price-to-earnings ratio (P/E). The P/E has demonstrated consistent success predicting long-term returns going all the way [...]
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LPL Financial Weekly Market Commentary for October 11, 2011
by Rose Greene, CFP on October 11, 2011
Earnings Season: What to Watch Jeffrey Kleintop, CFA Chief Market Strategist LPL Financial Highlights While macroeconomic factors are likely to remain key drivers of the market this week, microeconomics will also garner investors’ attention as companies begin to release their third quarter earnings reports. Market participants have priced declines in earnings into stock market valuations. [...]
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