The 10-year U.S. Treasury yield moved to within .05% of its recent low on Friday, January 31, approaching the 1.47% mark set back in August 2019. Prospects of stabilizing global growth and progress on trade encouraged yields to start pressing higher over the last four months of 2019; however, fears of the potential economic damage from efforts to contain the spread of the coronavirus steered investors back to the relative safety of Treasuries.

While recent declines may make it appear yields are destined to push lower, large swings in Treasury yields, both higher and lower, have been normal. As shown in LPL Chart of the Day, since

After a three-and-a-half-month, largely uninterrupted rally in stocks, the period of calm ended last week as the coronavirus outbreak led to a bout of volatility. Though it is difficult to predict when the virus will be contained and how many more lives might be lost, we provide some historical perspective on other major global health events to help assess potential market impacts.

Background

On Monday, January 27, fears that the deadly coronavirus would spread further around the globe intensified and led to a 1.6% drop in the S&P 500 Index, the biggest one-day drop in the index since October 8, 2019. It was the first ti

U.S. stocks fell for the second straight week, as the S&P 500 Index slid more than 2% as the coronavirus outbreak spread rapidly within China and fears of a global outbreak increased. Good earnings results overall, particularly for tech and internet retail companies, helped offset some of the hit to investor sentiment.

All four U.S. indexes we track fell during the week, with the Nasdaq Composite falling less thanks to earnings-driven gains in the consumer discretionary sector. The small cap Russell 2000 Index underperformed the S&P 500, while growth stocks, buoyed by Amazon, held up better than their counterparts on the

As the clock strikes 11 p.m. in London (midnight in Brussels) on January 31, 2020, the United Kingdom (U.K.) will end its 47-year membership in the European Union (E.U.) when the U.K.’s withdrawal from the E.U., known as Brexit, becomes official. There will be little fanfare at E.U. parliament in Brussels, however, or at the Houses of Parliament in London. Aside from the E.U. Parliament building taking down its Union Jack flags and some pro-Brexit supporters celebrating in London, there will be little immediate change.

“We anticipate that today’s Brexit itself will have little impact, as it merely marks the star