Our office will be closed from Monday, August 19th through Wednesday, August 21st as we attend a national conference for continuing education.  We will be checking email and voicemail periodically.  If you need to place a trade immediately and cannot reach an advisor during market hours, please call the LPL Client Service Center at 1-800-558-7567. 

We look forward to connecting with you soon!

Market and Economic News from LPL Financial Research Team

Week of August 12, 2019

MARKET COMMENTARY; This weekly update offers insights into domestic and global financial markets events, policy actions, and geopolitical impacts.

"The New (Ab)normal"

KEY TAKEAWAYS

  • Stocks endured significant volatility last week but showed some resilience Wednesday, August 7, when the S&P 500 Index dropped as much as 2% intraday before rallying back late to close slightly positive. Stocks ended the week near flat, putting the S&P 500 about 3% away from its record high.


ECONOMIC COMMENTARY; This weekly update offers insights into the U.S. and global economy.

"The Fed's Course Correction"

KEY TAKEAWAYS

  • The Fed cut interest rates for the first time in 10 years.
  • Economic data still doesn’t warrant a cut, but U.S. businesses need a confidence boost.
  • This rate cut will likely not be a one-and-done event.