Municipal bonds have outperformed broad high-quality fixed income since early 2017.
After a great start to 2018, we believe small caps’ strength to continue.
The Fed minutes’ emphasis on a symmetric inflation target reassured markets that the pace of rate hikes would remain gradual.
Signs of emerging market debt (EMD) weakness have been evident since late April.
We continue to prefer emerging market (EM) equities in tactical asset allocations.
The U.S. dollar has staged a strong rally recently after significant weakness in 2017.
“Updates on LPL Research's views on equity, equity sectors, fixed income, and alternative asset classes.”
The 10-year Treasury yield recently crossed the psychologically important 3% level for the first time since December 2013.
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