Portfolio Compass | February 20, 2019

COMPASS CHANGES Upgraded precious metals view to neutral from negative/neutral. INVESTMENT TAKEAWAYS Expectations for solid but slower growth in the U.S. economy and corporate profits support our year-end 2019 fair value target for the S&P 500 of 3000.* We...

Trimming Our 2019 GDP Forecast

Economic data have consistently missed expectations recently as investors and Wall Street have struggled to quantify the impact of global trade and political risks. As shown in the LPL Chart of the Day, the Bloomberg U.S. Economic Surprise Index has dropped sharply...

Market Update: Wed, Feb 20, 2019 | LPL Financial Research

Macro View Daily Insights Fed minutes. Traders will be looking for clues about the Federal Reserve’s (Fed) intentions for the terminal size and asset mix of its ~$4.5 trillion balance sheet when the minutes of last month’s monetary policy meeting are released at...