STRONG WEEK AHEAD OF BIG WEEKENDMarket Commentary |
It was a great week for the stock market.
The S&P 500 Index rallied 4.9% last week, leaving the index less than 6% from its record high, on September 20, 2018 (excluding today’s gains). Gains were driven by increasing optimism
(now proven to be warranted) for progress on U.S.-China trade talks at the G20 summit over the weekend and a more dovish outlook from Federal Reserve Chair Jay Powell (see today’s Weekly Economic Commentary for more). This week we share our thoughts on these major market-moving events and reiterate our positive stock market outlook.
John Lynch Chief Investment Strategist, LPL Financial
Jeffrey Buchbinder, CFA Equity Strategist, LPL Financial