LPL Market Signals Podcast

In the latest Market Signals podcast, LPL Research strategists discuss the drivers of last week’s decline across U.S. equity markets. They highlight how interest rate volatility, concerns about rising deficits, and new tariff threats sparked some profit-taking pressure in a relatively overbought market. While the broader market declined by over 2.5%, there was limited panic as buyers stepped up at a key support level on Friday. 

Next the strategists highlight the technical setup for the S&P 500 and outline limited resistance levels for the index to clear before reaching record-high territory. They further assess the health of the current recovery in U.S. equities and how a potentially weaker dollar could further support international equity market outperformance.

The strategists then examine S&P 500 earnings and quantify the importance of mega-cap technology stocks to the growth story. They also flag why there could be some additional downside risks to S&P 500 estimates. 

Finally, the strategists closed with a quick preview of the week ahead, which will include NVIDIA (NVDA) earnings on Wednesday and the Federal Reserve’s preferred inflation gauge on Friday.  Link to the podcast and PDF, if interested, below.

Is the Bear Market Rally Sustainable? Maybe but Probably Not