Portfolio Compass | January 16, 2019

COMPASS CHANGES No changes. INVESTMENT TAKEAWAYS Expectations for solid but slower growth in the U.S. economy and corporate profits support our forecast of 8–10% returns for the S&P 500 Index in 2019*. We maintain our slight preference for value due to attractive...

Market Update: Wed, Jan 16, 2019 | LPL Financial Research

Macro View Daily Insights No deal. Yesterday was another bump in the road for Brexit after more than two-thirds of the U.K. Parliament voted against British Prime Minister Theresa May’s separation deal. Market participants had been largely positioned for Parliament’s...

Brexit Hits Another Bump

Yesterday’s U.K. Parliament vote was another bump in the road for Brexit. As shown in the LPL Chart of the Day, the British pound and the euro have steadily declined over the past few months, weighed down in large part by pessimism around British Prime Minister...

The TED Spread’s Economic Signal

Credit stress among banks has remained relatively calm recently, signaling an economic recession may not be as imminent as some investors fear. As shown in the LPL Chart of the Day, the TED spread, or the difference between the 3-month London Interbank Offered Rate...

Market Update: Tues, Jan 15, 2019 | LPL Financial Research

Macro View Daily Insights Treasury yield curve steepens, spread to investment grade widens. The Treasury yield curve steepened over the past week despite recent data suggesting global economic activity, particularly in China, ticked lower. Instead, more dovish...