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Rising interest rates are never fun for bond investors, as bond prices generally fall as yields rise. The latest move in rates has been no different, with the Bloomberg Barclays U.S.
Technology (+0.3%) only sector to finish higher; consumer staples (-2.3%) dragged lower after disappointing earnings results.
Many important economic reports were released last week and collectively they showed continued strength in the U.S. economy.
Historical relationships suggest stocks and yields can move higher together and stock valuations are justified based on current inflation levels.
After the fastest correction from a record high in the history of the S&P 500 Index, stocks staged an impressive comeback last week.
U.S. markets inched higher in mixed Friday trading. S&P 500 Index closed up more than 4% for the week, biggest weekly gain in five years.
Security and account protection with LPL Financial
The LPL Financial SIPC membership provides account protection up to a maximum of $500,000 per customer, of which $250,000 may be claimed for cash. For an explanatory brochure, visit www.sipc.org. Moreover, through London Insurers, LPL Financial accounts have additional securities protection to cover the net equity of customer accounts up to an overall aggregate firm limit of $575 million subject to conditions and limitations. The account protection applies when an SIPC member firm fails financially and is unable to meet obligations to securities clients, but it does not protect against losses from the rise and fall in the market value of investments. This extensive coverage reflects a strong commitment to servicing your investment needs.
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