Five Takeaways From Current Volatility

December 10, 2018 | posted in: Blog, Financial Insights, LPL Weekly Market Commentary | by

According to LPL Research, “Last week was a tough week for stocks, with the S&P 500 Index down 4.5%, the worst performance since March. So what are some things investors should consider? To help answer that question, here are five takeaways on the near-term outlook for stocks. We continue to see the U.S-China trade dispute as the biggest headwind for stocks. Leading economic indicators are still pointing positive. Risk of a Fed policy mistake has eased. Oil has been a supply problem. Progress has been made toward putting in a bottom. LPL Chief Investment Strategist John Lynch explains, “While we continue to monitor the trends discussed here, we view the fundamentals supporting growth in the economy and corporate profits as still favorable.” To read more from John Lynch, click here.

The Passing of a President

December 3, 2018 | posted in: Blog | by

Fortunate to have had the pleasure of meeting this honorable, gracious American. R.I.P. President George Herbert Walker Bush.

Strong Week Ahead of a Big Weekend

According to LPL Research, “It was a great week for the stock market. The S&P 500 Index rallied 4.9% last week, leaving the index less than 6% from its record high, on September 20, 2018 (excluding today’s gains). Gains were driven by increasing optimism (now proven to be warranted) for progress on U.S.-China trade talks at the G20 summit over the weekend and a more dovish outlook from Federal Reserve Chair Jay Powel. This week we share our thoughts on these major market-moving events and reiterate our positive stock market outlook.” Key takeaways include: Last week’s stock market rally was driven by optimism (now clearly warranted) surrounding U.S.-China trade talks and a more dovish Fed. The events added to the positive fundamental case for stocks here, while stock valuations are quite reasonable. The technical picture is muddled, but big gains to start this week—should they hold—would help increase the odds of further gains from a technical analysis perspective. To read more from John Lynch Chief Investment Strategist, and Jeffrey Buchbinder, CFA Equity Strategist, LPL Financial, click here.

Birthday Smiles In Abundance!

November 30, 2018 | posted in: Blog, Frye Happenings | by

This week we were all smiles as we celebrated Catalina Arias’ birthday with this delicious cake!

Corporate America Impresses Again

November 28, 2018 | posted in: Blog, Financial Insights, LPL Weekly Market Commentary | by

According to LPL Research, “Corporate America produced another outstanding earnings season. We expected another quarter of strong earnings growth, and corporate America delivered even more than we anticipated. Third quarter numbers were excellent, even if the boost from the new tax law is excluded, as has been the case throughout this year. Revenue and earnings upside compared with expectations was particularly impressive, making prior assertions of an earnings growth peak premature. We’re also impressed by the resilience of companies’ outlooks in the face of tariffs and ongoing trade policy uncertainty.” Key takeaways include: Third quarter earnings season was again very impressive, with S&P 500 Index earnings growing 28% year over year, the fastest pace since the fourth quarter of 2010. A pickup in economic growth, strong manufacturing activity, and tax cuts were the key growth drivers. Guidance was generally positive despite tariffs and ongoing trade policy uncertainty To read more from John Lynch, Chief Investment Strategist, and Jeffrey Buchbinder, CFA Equity Strategist, LPL Financial, click here.

Retirement Plan Contribution Limits Increasing for 2019

November 19, 2018 | posted in: Blog, Financial Insights | by

The IRS recently announced its updated retirement plan contribution limits for 2019, and they’re going up.  For a chart detailing all the changes, including comparisons to years prior, please click here. Technical guidance is available in IRS notice 2018-83.