Stocks’ Sweet Sixteen Jeffrey Kleintop, CFA Chief Market Strategist LPL Financial Highlights It has been a sweet sixteen weeks for the S&P 500. The broad stock market index has had only three down weeks out of the past sixteen, tying a record unbroken for over 20 years. As the NCAA basketball tournament gets down to [...]
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European Debt
Black Friday Caps a Dark Week for Investors Jeffrey Kleintop, CFA Chief Market Strategist LPL Financial Highlights It was a black Friday for investors as the holiday week closed with the S&P 500 turning in its worst performance during the week of Thanksgiving since 1932. Fear gripped the market that the risk of a default [...]
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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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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 December 6, 2011
by Rose Greene, CFP on December 6, 2011
A European Christmas Carol Jeffrey Kleintop, CFA Chief Market Strategist LPL Financial Highlights Europe’s leaders have seen the ghost of Christmas Past (2008), Present (Greece, etc.) and Yet to Come (break up). Their pursuit of Scrooge-like austerity measures may allow the leaders of Germany and France to see the light and let the ECB buy [...]
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