State of the Union Preview Jeffrey Kleintop, CFA Chief Market Strategist LPL Financial Highlights President Obama’s State of the Union (SOTU), scheduled for Tuesday, January 24, is unlikely to be a big market mover. In fact, most SOTU speeches see less than a 1% move in the stock market on the following day. However, the [...]
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European Upgrade Jeffrey Kleintop, CFA Chief Market Strategist LPL Financial Highlights S&P’s downgrade overshadowed meaningful developments over the past two weeks in Europe which we would call an upgrade in dealing with the debt problems. The events of the past week show that the rating change at S&P, while warranted, is a lagging indicator of [...]
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What Investors Should be Watching This Earnings Season Jeffrey Kleintop, CFA Chief Market Strategist LPL Financial Highlights This week is the start of the fourth quarter 2011 earnings reporting season with big, well-known companies like Alcoa and JPMorgan Chase due to report fourth quarter results. This is the first quarter in over two years that [...]
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Super Committee: Go Big or Go Home? Jeffrey Kleintop, CFA Chief Market Strategist LPL Financial Highlights Even with no agreement from the super committee, an end-of-year deal may still take place that may pair a smaller deficit reduction package of a few hundred billion dollars with the extension of the expiring payroll tax cut and [...]
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LPL Financial Weekly Market Commentary for October 25, 2011
by Rose Greene, CFP on October 25, 2011
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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