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Market Update: Mon, Apr 22, 2019

Market Update: Mon, Apr 22, 2019

| April 22, 2019
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Market Update: Mon, Apr 22, 2019 | LPL Financial Research


Daily Insights

Less than 1% from all-time highs, now what? U.S. equity markets have staged a remarkable comeback over the course of 2019, and the S&P 500 Index now sits just a few points below its record high from September 20. In this week’s Weekly Market Commentary, due out later today, we take a look back at the near-bear market, the V-shaped recovery, and what we think it means for the rest of the year.

Beige Book sentiment rebounds. Main Street’s sentiment jumped the most since October 2017 in the Federal Reserve’s Beige Book released last week, recovering from the lowest level in seven years in the March edition. In this week’s Weekly Economic Commentary, we’ll break down the context of the most recent Beige Book and highlight the headwinds and tailwinds for U.S. businesses as the expansion nears its 10th birthday.

Week ahead. First quarter earnings season ramps up with nearly a third of S&P 500 firms reporting. Several key announcements are on the U.S. economic docket including preliminary first-quarter gross domestic product (GDP) figures and multiple data sets on the housing industry. In Europe, Eurozone Consumer Confidence and Germany IFO Business Climate surveys are noteworthy. Japanese industrial production and Leading Economic Index data headline the week in Asia. Track these and other important events on our Weekly Global Economic & Policy Calendar.


Click Here for our detailed Weekly Economic Calendar


  • Chicago Fed Nat Activity Index (Mar); LP: -0.29
  • Existing Home Sales (MoM, Mar); Cons: -4.3%, LP: 11.8%
  • Nikkei Japan Manufacturing PMI (Preliminary, Apr)


  • Richmond Fed Manufacturing Index (Apr); Cons: 10, LP: 10
  • New Home Sales (MoM, Mar); Cons: -2.6%, LP: 4.9%
  • Eurozone Consumer Confidence (Preliminary, Apr)


  • Japan Leading Index (Feb)
  • Japan Coincident Index (Feb)
  • Bank of Japan Rate Decision (Apr)
  • Germany Import Prices (Mar)


  • Durable Goods Orders (Preliminary, MoM, Mar); Cons: 0.5%, LP: -1.6%
  • Initial Jobless Claims (Apr. 20); LP: 196K
  • Kansas City Fed Manufacturing Activity Index (Apr); LP: 10
  • Japan Jobless Rate (Mar)
  • Japan Tokyo CPI Report (Apr)
  • Japan Industrial Production (Preliminary, Mar)


  • GDP Report (Initial, Q1 2019); Cons: 1.8%, LP: 2.2%
  • University of Michigan Sentiment Index (Apr); LP: 96.9
  • China Industrial Profits (Mar)


The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual security. To determine which investment(s) may be appropriate for you, consult your financial advisor prior to investing. The economic forecasts set forth in this material may not develop as predicted.

All indexes are unmanaged and cannot be invested into directly. Unmanaged index returns do not reflect fees, expenses, or sales charges. Index performance is not indicative of the performance of any investment.

Investing involves risks including possible loss of principal. No investment strategy or risk management technique can guarantee return or eliminate risk in all market environments.

All company names noted herein are for educational purposes only and not an indication of trading intent or a solicitation of their products or services. LPL Financial doesn’t provide research on individual equities.

All performance referenced is historical and is no guarantee of future results.

This research material has been prepared by LPL Financial LLC.

To the extent you are receiving investment advice from a separately registered independent investment advisor, please note that LPL Financial LLC is not an affiliate of and makes no representation with respect to such entity.

The investment products sold through LPL Financial are not insured deposits and are not FDIC/NCUA insured.  These products are not Bank/Credit Union obligations and are not endorsed, recommended or guaranteed by any Bank/Credit Union or any government agency.  The value of the investment may fluctuate, the return on the investment is not guaranteed, and loss of principal is possible.

Index data obtained via FactSet


For Public Use – Tracking # 1-845131 (4/20)

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