The U.S. equity market hummed along in the final quarter of 2024, although not without headwinds at the macro level from shifting Federal Reserve (Fed) rate cut bets, dampened disinflation traction, and policy proposals from the now-sitting U.S. administration. Amid a flurry of headlines from Wall Street to Washington, many market watchers have asked, as they do every quarter, “How was this environment navigated?” Well, investors can turn to 13F filings for answers.  

A “13F filing” refers to the form submitted each quarter to the Securities and Exchange Commission (SEC) by institutional investme

As we move deeper into 2025, LPL Research's Strategic and Tactical Asset Allocation Committee (STAAC) has updated its Capital Market Assumptions (CMA) and Strategic Asset Allocation (SAA) to provide guidance on long-term asset allocation and strategic market views over the next three to five years. 

A Time to Reduce Risk 

LPL Research is reducing risk in their portfolios with long-term investment horizons. The risk-reward trade-off for both stocks and bonds is being challenged by a slowing-growth environment, elevated inflation, and a "higher-for-longer" interest rate outlook. The expansion of equity

On Sunday, February 9, President Trump announced new tariffs on steel and aluminum imports. These actions are consistent with his campaign promises to protect American industries and reduce the trade deficit through the use of tariffs. These new tariffs are in addition to the 10% across-the-board tariff on Chinese imports that went into effect on February 4, reinforcing his administration’s tough stance on trade with China. Further, there is the looming threat of 25% tariffs on imports from Mexico and Canada, which have currently been delayed until March 4. This leaves some questions up in the air about if these tariffs will come in the

Stocks continued to climb the wall of worry last week and shrugged off tariff headlines, inflation volatility, and signs of a slowdown in retail spending. President Trump reinstated a full 25% tariff on all steel imports — effectively closing any loopholes and exemptions — and increased the tariffs on aluminum imports to 25%. Most metals rallied on the news as fear over forthcoming tariffs on a broader range of metals sparked a surge in demand. The White House also announced plans to impose reciprocal tariffs on a country-by-country basis to “correct longstanding imbalances in international trade and ensure fairness across t