Following last week’s rejection of Theresa May’s Brexit plan, we discuss what’s next for the United Kingdom and possible market implications.
The Beige Book Barometer dropped to a nine-month low.
Positions maintained (no changes); updates on LPL Research’s views on equity, equity sectors, fixed income, and alternative asset classes.
S&P 500 earnings growth will slow in the fourth quarter but is still expected to be strong.
We believe this government shutdown will have limited long-term ramifications for economic growth.
We still see a solid U.S. economy struggling with trade tensions, but far from recessionary territory.
This week, we look at stock valuations to try to gauge the potential opportunity for stocks.
Increased uncertainty around policy risks has contributed to sharp market declines.
The S&P 500 Index came about as close as possible to the technical definition of a bear market without officially registering one.
Downgraded small growth from neutral to negative/neutral; Downgraded small value from neutral/positive to neutral; Upgraded large growth from negative/neutral to neutral; Downgraded hedged foreign bonds from neutral to negative/neutral.