MARKET INSIGHT QUARTERLY
LPL Chief Fixed Income Strategist Lawrence Gillum shares his thoughts on what investors could expect out of the muni market in the second half of the year.
Given the country’s unique characteristics in nurturing innovation and technological leadership, the role of capital markets is crucial in maintaining hegemony. That Apple’s market capitalization at the close of the second quarter crossed over $3 trillion, exemplifies the country’s dominance and the role of innovative experimentation.
Bull markets are not linear. However, the impending end of the Federal Reserve (Fed) rate-hiking campaign, and the economy’s and corporate America’s resilience, help make the bull case that steers LPL Research toward a neutral, rather than negative, equities view from a tactical asset allocation perspective.
As the economy is likely downshifting, investors should take heed that the Federal Reserve’s (Fed) current stance is eerily similar to early 2007.
The Federal Reserve (Fed) meets this week where it is largely expected to not raise short term interest rates for the first time in 15 months. However, Fed messaging has been all over the place in recent weeks.