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

Research

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 Shows Flexibility | Weekly Economic Commentary | December 3, 2018

KEY TAKEAWAYS Recently, investors have been focused on the Fed’s comments about the neutral rate. We recommend investors trust the Fed’s pragmatic approach to policy. Fed fund futures are more dovish than the Fed’s dots, but the Fed is treading carefully. Click here...

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...