After a historic August, the stock market is about to enter its worth month of the year on average, according to a note from LPL published on Monday. The S&P 500 posted a gain of more than 7% in the month of August, marking its best return for the month […]
The stock market is on the verge of hitting record all-time highs, with the S&P 500 trading less than 1% below its intraday high of 3,393 on Tuesday. Meanwhile, the Nasdaq 100 has already cruised to all-time highs as technology stocks have led the recovery since the market bottom on […]
The stock market cares more about which party controls Congress than it does about which party wins the presidency, historical data suggests. In a report published on Monday, Senior Market Strategist Ryan Detrick at LPL Financial wrote that “stocks have tended to do their best when we have a split […]
The stock market has a solid track record of predicting who will win the US presidential election. Since 1984, the S&P 500 has correctly predicted every single presidential election based on its price movements in the three months leading up to the election. And since 1928, the S&P correctly predicted […]
Investors should favour the US stock market over developed international markets, according to LPL Financial. In a note published on Tuesday, LPL strategist Jeff Buchbinder listed five reasons why investors should continue to keep a majority of their stock investments in US-based companies versus their overseas counterparts. Buchbinder said over […]
Stocks just posted their best 50-day rally in history, with the S&P 500 soaring 40% from its March 23 low. Similar sharp and swift rallies in stocks have preceded the start of a new bull market, according to LPL Financial’s Ryan Detrick. According to Detrick, “Big 50-day rallies in the […]
Last week stock market investors continued to cling to, if not actually climb, the wall of worry. Stocks were flat for the first week of the government shutdown, but that masks the intraday volatility seen last week as drops were quickly reversed each day. The market moves last week were […]
The film, Oz: The Great and Powerful, the prequel to The Wizard of Oz, premiered last week. The story of how the wonderful wizard overcame the risks and prevailed worked its magic on moviegoers and proved popular with a strong box office showing. In the same week, the Dow Jones Industrial Average […]
[credit provider=”Flickr/Moment Capture 1″ url=”http://www.flickr.com/photos/pat_ossa/4150250985/in/photostream/”] Last week’s data highlighted the growing gap between the health of businesses and consumers that is starting to contribute to a widening gap in the performance of consumer and business-driven stocks, as well.The economic reports released last week covering the time period of January and […]
The S&P 500 Index closed above 1500 for the first time since 2007 on Friday, January 25, 2013, after rising for eight days in a row—the longest streak of daily gains since a nine-day run ended in 2004. Speculation has emerged that the long-awaited rotation by investors from bonds into […]
[credit provider=”Jeff Kleintop”] While fourth quarter 2012 earnings results will again garner attention this week, investors may also be looking overseas to gauge market direction, since this week holds the first meeting of the year for European finance ministers.It is worth remembering that each spring for the past three years, […]
It is inevitable that around this time of year, investors ponder what the year may hold in store for the markets.
After a bounce on the relief from the fiscal cliff deal that took place on New Year’s Day, the stock market has been in a sideways holding pattern.
Given all the news coverage and the drama over what is at stake, it can
be easy to think of going over the fiscal cliff — as the spending cuts take effect and tax cuts finally expire — as the end of the world.
[credit provider=”Flickr” url=”http://www.flickr.com/photos/drewdlecam/3501280430/”] The advance in the S&P 500, boosted by the latest three weeks of consecutive gains, is at risk if negotiations over the tax increases and spending cuts, known as the fiscal cliff, make no progress in the coming weeks.The fiscal cliff negotiations between the two parties in Washington are reminiscent […]
Last week’s record $587 million Powerball jackpot grabbed headlines.
Retail sales during Thanksgiving weekend — the traditional start of the holiday shopping season — climbed 13% as more shoppers hit the stores and spent more money, according to the National Retail Federation, wildly exceeding consensus estimates.