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Is Congress Contemplating QE4?

Weekly Market Commentary 7.21.2014 This past Sunday marked the 45th anniversary of the Apollo 11 moon landing, when American astronauts Neil Armstrong and Buzz Aldrin became the first to set foot on the moon. If they had stayed there, what would their tax rate have been? The number of U.S. corporations seeking a “tax inversion” […]

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Counting Down the Months

Weekly Market Commentary 7.15.2014 After five-and-a-half years of keeping short-term rates in a range of 0 – 0.25%, many market participants believe the Federal Reserve (Fed) is now about 12 months away from hiking interest rates. This may affect markets in the months and quarters ahead as investors begin to brace for a change in […]

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Earnings Season: A Show About Nothing

Weekly Market Commentary 7.07.2014 The after-the-bell report from Alcoa on Tuesday of this week kicks off the start of the second quarter earnings reporting season. But much like the iconic and oft-quoted television comedy Seinfeld, which celebrated its 25th anniversary this past Saturday, it is likely to be “a show about nothing.” Unfortunately, the earnings […]

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Investor’s Almanac Field Notes

Weekly Market Commentary 6.30.2014 At this year’s halfway point, we are pleased to offer the LPL Financial Research Mid-Year Outlook 2014: Investor’s Almanac Field Notes containing key observations and updates to our outlook for 2014. Similar to a farming almanac, our Investor’s Almanac is a publication containing a guide to patterns, tendencies, and seasonal observations […]

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World Cup and World CPI Are Heating Up, Risking Mistakes by Key Players

Weekly Market Commentary 6.23.2014 About a week into the World Cup the average number of goals scored per match is 2.92, putting the tournament on course to become the highest scoring World Cup since 1970 in Mexico (2.97). The greater number of goals is being blamed in part on hotter weather. Unlike the cold winter […]

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Emerging Opportunity

Weekly Market Commentary 6.16.2014 The emerging markets (EM) asset class has been especially disappointing for investors in the past few years [Figure 1], as measured by the MSCI Emerging Markets Index. However, last week EM pulled ahead of the performance of the S&P 500 Index for 2014. Might this mark the beginning of the turn […]

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Who Are the Buyers and Sellers?

Weekly Market Commentary 6.09.2014 We devote this commentary each week to assessing the many reasons markets may rise or fall. But at the heart of it, all markets come down to just one thing: buyers and sellers. Taking a look at who is buying and who is selling can tell us something about the durability […]

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No Debate: Stock and Bond Markets Agree

Weekly Market Commentary 6.02.2014 Stocks have been moving higher lately, seemingly suggesting that growth is improving; yet at the same time bond yields have been moving lower, implying growth prospects are deteriorating. The big debate between which of these two multi-trillion dollar markets is right has been raging among investors. But the truth is that […]

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Oil, Oil Everywhere

Weekly Market Commentary 5.27.2014 For the third year in a row, the summer driving season kicked off with national gasoline prices at $3.67 per gallon, according to data from the U.S. Department of Energy. Prices at the pump are below the $3.80 – $4.00 danger zone where they contributed to economic soft spots in 2011 […]

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Japan Going Godzilla

Weekly Market Commentary 5.19.2014 Godzilla, the latest version of Japan’s King of Monsters, took the top spot at the box office this past weekend. But Japan’s stock market looks like a giant mutated lizard stomped all over it. One of the worst-performing stock markets in the world this year, Japan’s Nikkei Stock Average is down […]

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