posted on Thursday, November 20, 2014
The much weaker than expected Q3 GDP reading in Japan is a modest threat to overall global growth for 2014 and into 2015.
We believe emerging markets (EM) fundamental conditions are set for improvement in 2015,
based on our outlooks for economic growth, earnings, and policy.
Demand from overseas investors once again helped the bond market shrug off stronger
economic data and weak Treasury auction demand.
Over the last week, the LPL Financial Current Conditions Index (CCI) fell 2 points to 254.
posted on Thursday, November 13, 2014
The drop in gasoline prices over the fall and summer months has been a plus for spending, but
other factors have a much bigger impact on the consumer.
We find it premature to draw conclusions regarding oil prices and the performance of the
broad high-yield bond market.
While the certainty provided by an election outcome has been positive for the stock market
over time, our positive stock market outlook is based much more so on fundamentals.
Over the last week, the LPL Financial Current Conditions Index (CCI) rose 5 points to 256.
posted on Thursday, November 06, 2014
The Fed ended its bond purchase program last week and the bar has been set fairly high for
restarting more QE.
The headwinds of rising high-quality bond yields and increasing new issuance have slowed
the advance of high-yield bonds in late October 2014, relative to stock market gains.
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