Following the Path Jeffrey Kleintop, CFA Chief Market Strategist LPL Financial Highlights The stock market, measured by the S&P 500, has posted a high single-digit gain for the year, and the S&P 500 index is around 1,350. Sound familiar? It should. It is exactly what happened last year. Last year, stocks shed their gains for [...]
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The Budget Bombshell Jeffrey Kleintop, CFA Chief Market Strategist LPL Financial Highlights In one week, President Obama is due to submit his budget. The 2013 budget is already going to have the biggest impact since the end of WWII, even if no action is taken in Washington. The fiscal headwind under current policy totals over [...]
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January May Seem “Super,” but Don’t Be Bowled Over Jeffrey Kleintop, CFA Chief Market Strategist LPL Financial Highlights The upcoming Super Bowl will test the stock market’s historical correlations with the calendar and events that proved rewarding to investors in 2011. Investors’ New Year’s resolution may have been to buy stocks after five years of [...]
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Apocalypse Soon Jeffrey Kleintop, CFA Chief Market Strategist LPL Financial Highlights The purported end of the world falls exactly one year from this Wednesday, December 21, 2011. Like a primeval Y2K event, 2012-ers believe that one year from now the earth will experience a catastrophe or an enlightenment. Surprisingly, we agree. The year 2012 will [...]
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LPL Financial Weekly Market Commentary for December 13, 2011
by Rose Greene, CFP on December 13, 2011
New Ideas Are Not Just for Europe Jeffrey Kleintop, CFA Chief Market Strategist LPL Financial Highlights The weaker pace of productivity in recent years could mean slower profit growth ahead for S&P 500 companies. Fortunately, business spending on research and development (R&D) has improved, and patent grants are now on the rise. It typically takes [...]
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