Macro View
Daily Insights
- Stocks on track for weekly gains. The Nasdaq is on pace to lead major U.S. indexes’ advance this week after it posted fresh record highs on Wednesday. The gains came amid few catalysts; however, next week investors will have plenty to chew on with several key events and top-tier economic data releases. Check out the LPL Research blogafter the market close for more insights on the week that was and what we’ll be watching in the week ahead.
- G-7 Summit update. The Group of Seven meet in Quebec today for a two-day summit. Global trade will dominate conversations, as hostilities between President Trump and Canada and France have picked up recently, mainly on Twitter. Other key topics to be discussed include environmental issues, Iran, and North Korea. It is expected that President Trump will leave the summit early to head to Singapore in preparation for his planned summit with North Korean leader Kim Jong Un. Despite hardline stances ahead of the G7 meeting, we continue to need more evidence that trade is (or will be) meaningfully impacted before any significant changes in portfolios are needed.
- $100 trillion. American’s household net worth increased by 1% in the first quarter, passing $100 trillion for the first time ever, according to the Federal Reserve. This is significant, as stock markets sold off in the first quarter–suggesting most of the gains came from rising home prices. We continue to see a strong economy for at least the remainder of 2018, supported by increasing corporate profits, strong manufacturing and services, near record confidence, and benefits from fiscal stimulus.
- Sector breakdown. Historically, the month of June has been somewhat tricky for stocks, especially over the past 10 years. Today on the LPL Research blog we will take a closer look at how various sectors perform during this month.
- Advisor top tweets. In case you missed it, yesterday on the LPL Research blog we shared some of our favorite tweets from our advisors during May.
Monitoring the Week Ahead
Click Here for our detailed Weekly Economic Calendar
Friday
- Wholesale Inventories (Apr)
- Germany: Industrial Production (Apr)
- France: Industrial Production (Apr)
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