Research
Midyear Outlook 2025: Pragmatic Optimism, Measured Expectations
We started 2025 on a high note, although we acknowledged that “no market environment is ever permanent, and that change is always potentially around the corner.” Well change did come, and with it, volatility, perhaps in part because we assumed President Trump’s policies would simply mirror those of his prior term. The impact of policy direction has been central to market direction this year. Uncertainty around trade policy dominated the stock market’s path in the first half of the year
Midyear Outlook 2025: Pragmatic Optimism, Measured Expectations
We started 2025 on a high note, although we acknowledged that “no market environment is ever permanent, and that change is always potentially around the corner.” Well change did come, and with it, volatility, perhaps in part because we assumed President Trump’s policies would simply mirror those of his prior term. The impact of policy direction has been central to market direction this year. Uncertainty around trade policy dominated the stock market’s path in the first half of the year
Weekly Market Commentary
- Beyond the Numbers | Value Investing Is Alive and Well | October 20, 2025
on October 20, 2025 at 4:31 pmLPL explores evolving value investing strategies, macro risks, and overlooked market opportunities […]
- Weekly Market Commentary | Cockroaches, Canaries, and Credit Markets | October 20, 2025on October 20, 2025 at 12:12 pm
LPL Research highlights early signs of stress in corporate credit markets, with rising defaults and […]
- Weekly Market Commentary | Happy Anniversary Bull Market | October 13, 2025on October 13, 2025 at 12:19 pm
This bull market enters year four with strong gains, driven by tech and AI. History suggests more […]
- Market Insight Quarterly | Q3 2025on October 9, 2025 at 7:18 pm
This quarterly publication helps provide clarity and context to the issues affecting the economy, […]
- Global Portfolio Strategy | Solid September, But Shutdown Clouds Start of October | October 7, 2025on October 7, 2025 at 7:36 pm
Despite historical weakness in September, the S&P 500 was tracking above bullish targets, […]
- Weekly Market Commentary | Q3 Earnings Season Preview: Little Suspense | October 6, 2025on October 6, 2025 at 12:44 pm
LPL Research provides a Q3 earnings preview highlighting strong AI-driven growth, resilient margins […]
Market Signal Podcast
Macro. Market. Movers.
- Recent High-Risk Rally Challenges Active Managers
LPL Research explains how high-risk stocks have outperformed at historically extreme levels, […]
- Resilient Equities, But Money Market Ripples Merit Attention
LPL Research discusses recent activity in the Federal Reserve’s Standing Repo Facility and why […]
- The End (of QT) is Nigh
LPL Research highlights the recent speech by Federal Reserve Chair Powell about the future of […]
- Weekly Market Performance — October 17, 2025
LPL's Weekly Market Performance for the week of October 13, 2025, highlights ongoing trade […]
- Two New Ideas At Treasury and Fed Worth Tracking
LPL Research explains why papers by Treasury Secretary Bessent and Fed Governor Miran could be […]
- Merger Arbitrage Rebound
LPL Research reviews how merger arbitrage investment strategies have performed in 2025.