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Market and Economic News from LPL Financial Research Team

Week of June 17, 2019

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

“Stocks and Fed Rate Cuts"

KEY TAKEAWAYS

  • Stocks have benefited recently from increasing hopes of a Fed rate cut, although investors probably won’t get one this week.
  • Stocks’ historical performance after initial Fed rate cuts has been mostly positive, but it has been greatly dependent on the business cycle.
  • We prefer to see the market stand on its own and take more direction from generally solid fundamentals of economic growth and corporate profits.

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

"A Record-Long Expansion"

KEY TAKEAWAYS

  • This economic expansion is now one of the longest on record.
  • Trade tensions have threatened growth, but economic data still appear sound.
  • If the trade dispute continues, the Fed could be forced to intervene.