As investors we fight against behavioral biases in every investment decision we make. Our Director of Research Marc Zabicki talked recently about some of these biases in this video. We become attached to our ideas and when we think about selling, “FOMO” kicks in—the fear of missing out. Buying is the easy part. But selling is hard.

After maintaining a positive view of the technology sector for a number of years and seeing it do so well, the LPL Research team faced a difficult decision. Value stocks have been leading, benefiting from the economy opening back up again. More inflation, rising interest rates, and hi

On May 27, 2021, a couple of events in the energy sector occurred that demonstrated the continued mainstreaming of sustainable investing and underscored the risks and opportunities available to investors. While primarily thought of as equity-oriented, sustainable investing is becoming more mainstream in fixed income markets—and companies that fail to acknowledge changing dynamics may potentially face financially material impacts.

Sustainable Investing 

Sustainable investing is an umbrella term to describe a range of investment practices that seek competitive financial returns and purposefully consider environment

Fiscal stimulus, which was central to the market rebound in the last year, may start moving to the sidelines over the rest of 2021 and into 2022 as the recovery continues. Economic growth can compensate for the loss of government checks to households and businesses, but potential tax increases may be more challenging for markets to navigate. Business tax increases, in particular, may gradually pull gains out of markets about equal to their size, but with economic growth supporting corporate earnings, we believe a positive backdrop for equities remains in place.

During much of 2020 and early 2021, markets were focused on fiscal po

U.S. and International Equities

The major US markets were higher this week, as market participants continue to take inflation concerns in stride. US small cap (Russell 2000) equities were the best performing US asset class this week and still continue to lead as we approach 2021’s mid-year mark. Going forward, LPL Research believes the early-stage bull market along with the young economic expansion could continue to help small caps. Markets overseas finished higher, with emerging market equities (MSCI EM) outperforming the developed markets (MSCI EAFE) for a second straight week.

Real Estate Expands

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