As we wrote earlier this month, earnings have provided a strong foundation for stocks this year. With second quarter earnings growth for the S&P 500 on track to exceed 30% (excluding private investment mark-ups) and analysts continuing to raise e

Investors have spent much of the summer navigating a familiar tension: an economy that continues to show resilience even as concerns linger over inflation, fiscal deficits, and geopolitical risks. Yet beneath the daily headlines, several underlying f

For years, Russell index reconstitutions have been treated as a routine maintenance event. Thousands of stocks are ranked, memberships are adjusted, and markets move on. But the June 2026 Russell reconstitution revealed something far more interesting

The municipal bond market enters the second half of 2026 in a familiar but underappreciated position: digesting record levels of new issuance while continuing to benefit from resilient investor demand and a Federal Reserve (Fed) that appears likely t

Talking Points

1. Global growth is stabilizing, but leadership has shifted back to developed markets. The U.S. and parts of Europe are driving the latest improvement in business activity, while several large emerging markets have lost mo

The S&P 500 towed an anchor for much of the summer as a historic momentum and leverage unwind under the surface dragged on the equity benchmark before breaking out to fresh records last week. While these mechanical drivers received most of the bl

Depending on the lookback period, it very well can be the best or worst of times. While the majority of the commodity trading advisor (CTA) industry does feature characteristics of medium-term trading programs; managed futures is still just an umbrel

As advisors gathered at FOCUS 2026, conversations at the LPL Research booth highlighted a common theme: advisors are looking for ways to scale their businesses, enhance portfolio implementation, and deliver increasingly sophisticated strategies for c

Demand continues to outpace record supply. Municipal bonds remain an attractive income opportunity in a market where the Federal Reserve (Fed) is likely to remain on hold and carry is driving returns. Despite record issuance of roughly $50

For generations, investors have operated within the framework of fixed exchange trading hours. That model is increasingly being challenged as global markets evolve. In July 2026, the London Stock Exchange (LSE) unveiled plans for LSE 24, a new tradin