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Market Update: Tues, Dec 31, 2019

Market Update: Tues, Dec 31, 2019

| December 31, 2019
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Market Update: Tues, Dec 31, 2019 | LPL Financial Research

Daily Insights

Last day of the year. U.S. stocks are relatively unchanged on the last trading day of 2019. Stocks may meander into the New Year in the absence of market-moving headlines, capping an impressive year for many asset classes. The S&P 500 Index has climbed 29% year to date, poised for its best year since 2013.

Bonds’ big 2019. Fixed income prices jumped in 2019 in a tough year for yield-seeking investors. The Bloomberg Barclays U.S. Aggregate Bond Index has risen 8.8% year to date, heading for its best year since 2002, amid a global rush into U.S. debt. That buying pressure weighed on the 10-year U.S. Treasury yield, which fell to a three-year low of 1.46% in September before rebounding to 1.88% on Monday.

End of a decade. It’s the last day of the decade, so we thought we’d do our own “decade challenge” for the S&P 500 today on the LPL Research blog. It has been an unprecedented 10 years for financial markets. At the end of 2009, the S&P 500 was nine months into what would be the longest bull market on record. Since then, the benchmark has almost tripled, riding a wave of economic growth, improved earnings, muted inflation, and central bank accommodation.

 

IMPORTANT DISCLOSURES

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 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 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.

Because of their narrow focus, sector investing will be subject to greater volatility than investing more broadly across many sectors and companies.

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

This research material has been prepared by LPL Financial LLC.

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