“Watch Your Step” John Canally, CFA Economist LPL Financial Monetary policy took center stage last week, as the Federal Reserve (Fed) took another step toward normalizing monetary policy by raising the discount rate. Aside from another disappointing reading on jobless claims, the week’s economic data on the housing and manufacturing sectors came in better than [...]
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LPL Financial Weekly Market Commentary for March 1, 2010
by Rose Greene, CFP on March 2, 2010
Jeffrey Kleintop, CFA Chief Market Strategist LPL Financial Groundhog Day came late in February for the stock market. Last Thursday’s worsening weekly unemployment claims data spooked stock market investors worried about job growth as February winter storms negatively impacted the data. In that labor report, the stock market saw its shadow and it appears that [...]
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