Daily Insights

Another round of upbeat China data.Targeted stimulus appears to be working following a series of better-than-expected data that included first quartergross domestic productgrowth at +6.4% from the year ago period, ahead of consensus expectations for a 6.3% increase and in line with the prior quarter.Industrial production rose 8.5% year over year, topping analysts’ estimates (+5.9%) by a wide margin, whileretail sales‘ 8.7% year-over-year growth was above the 8.2% seen earlier this year. Officials are now reportedly considering additional stimulus to boost auto and electronics sales.

Pushing past the highs. U.S. stocks are nearing record highs for the first time in more than six months as theS&P 500 Indexsits within 1% of its record high. A lot could be priced into equities now, though, and it’s becoming difficult to see what could push them decisively past the highs. In today’sLPL Research blogpost, we’ll identify some potential surprises that could drive the next leg of U.S. stocks’ gains, along with some potential disappointments that could deflate this impressive year-to-date rally.

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Wednesday

• Trade Balance (Feb)
• Federal ReserveBeige Book(Apr)
• Japan Industrial Production (Feb)
• Eurozone Trade Balance (Feb)
• EurozoneCPIReport (Mar)

Thursday

• Retail Sales (MoM Mar)
• InitialJobless Claims(Apr 13)
• Markit US ManufacturingPMI(Preliminary Apr)
• Markit US Services PMI (Preliminary Apr)
• Markit US Composite PMI (Preliminary Apr)
• Leading Index(MoM Mar)
• GermanyPPIReport (Mar)
• JapanCPIReport (Mar)

Friday

• Housing Starts(MoM Mar)
• Building Permits (MoM Mar)

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.

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

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Index data obtained via FactSet

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