“The herd instincts among the forecasters makes sheep look like independent thinkers.” – Edgar R. Fiedler

Macro Market Movers

OPEC Preview

Members of the Organization of Petroleum Exporting (OPEC) meet tomorrow in Vienna, with the focus on how to stabilize oil markets after crude oil fell 22% last month. A cut in production from OPEC and Russia is the most likely scenario. The big question is how large...

Looking at the Yield Curve

From everyone at LPL Research, we first want to offer our thoughts to former President George H.W. Bush’s family. Most of his life was lived in service to the United States, and he will be greatly missed. Turning to markets, the spread between both 3- and 5-year and...

Market Update | Dec 5, 2018

Macro View Daily Insights Tough day for stocks. After their best week of the year last week, followed by healthy gains on Monday, major indexes did an about-face and fell more than 3% yesterday. Several catalysts drove traders to the sidelines (and into Treasuries):...

Fed Flexibility

Strengthening economic headwinds have weighed on investors recently, especially as Federal Reserve (Fed) policymakers ramp up rhetoric on the future path of interest rates. As shown in LPL’s Chart of the Day, market expectations for rate hikes dropped significantly...

Market Update | Tue, Dec 4, 2018

Macro View Daily Insights Short end of the yield curve inverts. The spread between 3- and 5-year, as well as 2- and 5-year Treasury yields turned negative yesterday for the first time since July 2007, though neither are reliable indicators of a pending recession....

China Trade Tensions Ease

Since trade tensions between the United States and China escalated earlier this year, uncertainty relative to supply chains, input costs, global economic growth, and corporate profits has weighed on the financial markets. Indeed, stocks struggled in the second quarter...