NEWS & INSIGHTS

October 7, 2024

Just When We Recalibrated, Another Shock Arrived

Jeffrey J. Roach, PhD, Chief Economist, LPL Financial

Federal Reserve (Fed) Chair Jerome Powell said last month’s decision to cut the fed funds target rate by a half percentage point was due to a “recalibrating” policy, as the Fed follows its dual mandate regarding inflation and growth.
The new buzzword — recalibration — implies mechanical fine-tuning, but unfortunately, the macro economy is not that robotic. We are full of emotional people with ever-changing needs and wants. However, the buzzword also evokes something therapeutic; that is, the Fed is not cutting rates because of an imminent recession. In fact, the economy will likely grow above trend for yet another quarter or two. However, risks are rising for 2025.

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PULLBACKS ARE COMMON BUT PAINFUL

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DOUBLE-DIGIT EARNINGS GROWTH ON TAP

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INDIA AT THE CROSSROADS

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ADJUSTING THE SECTOR SAILS

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EARNINGS ARE DOING THEIR PART

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SELL IN MAY? MAYBE NOT

May 6, 2024

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THAT WAS QUITE A WEEK

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THE EVER-CHANGING MARKET NARRATIVE

April 22, 2024

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REVISITING ENERGY

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WHAT TO WATCH THIS EARNINGS SEASON

April 8, 2024

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IPOs AS A MARKET TELL

April 1, 2024

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NAVIGATING THE STRATEGIC INVESTING LANDSCAPE

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GOLD SHINES BRIGHTER THAN EVER

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SUPER SIX DRIVES SOLID EARNINGS SEASON

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BUYBACKS ARE BACK

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TREASUIRES: WHO’S BUYING AND WHY IT MATTERS

February 20, 2024

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OUTLOOK FOR U.S. ECONOMY CONTINUES TO BRIGHTEN

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WILL THE JANUARY BAROMETER COME THROUGH?

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IS TOO MUCH OPTIMISM PRICED IN?

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WILL SHIPPING DISRUPTIONS ALTER FED PLANS

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KEY EQUITY THEMES FOR 2024

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DISCORD IN THE OPEC+ OIL PATCH

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ANATOMY OF A MARKET RALLY

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IS THE STOCK MARKET CORRECTION OVER?

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IS INDIA THE NEW CHINA?

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BUY JAPAN, HOLD U.S., SELL EUROPE

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THE GROWING LIST – AND POLITICIZATION OF BRICS AND FRIENDS

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WHAT IS NORMAL?

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LESSONS LEARNED FROM THE GRAND TETONS

August 28, 2023

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PULLBACK PERSPECTIVE

August 21, 2023

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HOW THIS U.S. DEBT DOWNGRADE IS
DIFFERENT FROM 2011

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KEY EARNINGS SEASON TAKEAWAYS

August 7, 2023

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A CLOUDY OUTLOOK MAKES FOR CHOPPY MARKETS

July 31, 2023

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EARNINGS NEED TO DO SOME HEAVY LIFTING TO KEEP THIS RALLY GOING

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NEW BULL MAY NEED A BREATHER

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MARKET RESPONSES TO FED (IN)ACTION

June 20, 2023

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FOMC PREVIEW: SKIP, PAUSE, OR HIKE?

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CLOSING OUT OUR EQUITIES OVERWEIGHT

June 5, 2023

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EARNINGS UPDATE: BETTER THAN FEARED

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KING DOLLAR STILL RULES

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SELL IN MAY

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DRAINING THE LIFEBLOOD OF THE ECONOMY

April 24, 2023

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A CLOSER LOOK AT COMMERICAL REAL ESTATE

April 17, 2023

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WHO IS RIGHT, FED OR MARKETS?

April 3, 2023

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THE 36-HOUR SVB COLLAPSE AND HIERARCHY OF BLAME

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WADING THROUGH FINANCIAL STABILITY RISKS: AN ACTION PLAN

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LATEST EQUITY ASSET ALLOCATION VIEWS

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NO LANDING = NO SENSE

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DEBT CEILING PRIMER

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WHAT’S CHANGED AND WHAT IT COULD MEAN

February 21, 2023

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TRYING TO STICK THE LANDING

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BRIGHTENING OUTLOOK FOR INTERNATIONAL EQUITIES

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WILL JANUARY HIT THE TRIFECTA?

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A FIESTY BULL-BEAR DEBATE

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Q4 EARNINGS PREVIEW: PESSIMISM MAY BE OVERDONE

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LESSONS LEARNED IN 2022

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2023 MARKET OUTLOOK

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