Street View The Fed and a Look Ahead
LPL Research Chief Investment Strategist John Lynch offers his perspectives on the current challenges facing the markets, though he remains optimistic about U.S. economic growth prospects in 2019.
Thus far in 2017, an important shift has taken place in this economic cycle. The Federal Reserve has shown increasing trust that the economy has recovered and that market forces can keep it steady. Fiscal policy may now provide the backstop to the economy that monetary policy has provided throughout the expansion. The gauges say growth engines and market drivers may have changed: power down monetary policy, power up business fundamentals, and potentially take fiscal policy and economic growth off standby.
The few days immediately after the United Kingdom’s (U.K.) surprising vote to leave the European Union (EU) have been filled with political unrest and uncertainty. Although many questions remain unanswerable, a few issues have become clearer, and a few more have come to the surface. One suggestion that keeps arising is that the U.K. could end up remaining in the EU. Is this even possible?
In your hands is the LPL Research Midyear Outlook 2015, with the insights and guidelines you’ve been waiting for to put together portfolio strategies for the rest of 2015.