Pullbacks Are Common but Painful | Weekly Market Commentary | August 12, 2024
Like a stubbed toe, pullbacks in the market are inevitable, something investors tend to forget during periods of low volatility.
Like a stubbed toe, pullbacks in the market are inevitable, something investors tend to forget during periods of low volatility.
After the sharp August 5 decline, equities are nearing an attractive entry point. LPL’s Strategic and Tactical Asset Allocation Committee (STAAC) maintains its tactical neutral stance on equities, while actively monitoring signs of bottoming. LPL Research continues to preach patience before buying this dip. Bottoming is a process.
Investors had a healthy appetite for risk so far this year as a so-called potential soft landing has been factored in. We have an economy with rising wages, decelerating inflation, and a Federal Reserve (Fed) on the cusp of cutting rates.
All LPL systems, including Account View, are fully operational, and all data reflected in Account View is current as of Friday’s market close. LPL technology
The first half of the year was a challenging environment for a lot of fixed income markets, especially higher-quality markets.
What’s happening? LPL is currently experiencing service disruptions as a result of the global technology outage, and some services are temporarily unavailable, including the online
With the release of the LPL Research Midyear Outlook 2024: Still Waiting for the Turn, in this week’s commentary we pull out key themes from the publication and add some context for our views given stocks have continued to rally — with Thursday a glaring exception as stocks sold off, somewhat surprisingly, after a good consumer inflation report.
LPL Research believes stocks have gotten a bit over their skis, but earnings season may not be the catalyst for a pullback in the near term given all signs point to another solid earnings season and stocks have mostly performed well during the peak weeks of reporting season in recent years.
Developments in artificial intelligence may be the antidote for an aging population, but it takes time for these advancements to work themselves into the fabric of our nation’s businesses. The impact of new developments can persist in markets, so investors need to carefully discern what could be different this time around.
Fed meetings have been important drivers of market performance, especially in the Treasury market.
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