I’d like to share LPL Research’s Mid-Year Outlook for the 2nd half of 2023. The article recaps some of the uncertainty and surprises we have seen in the 1st half of 2023, which has certainly been a unique year in terms of the economy and how the markets have reacted. What I would consider as the most pertinent portions of the outlook are the first few sections, including: Overview, Economy, and Stocks.
As it pertains to the markets, this has been a unique year—especially with a small handful of companies comprising the majority of the stock market’s returns. The market has surged amidst the uncertainty and has certainly grown much more than I would expect with the hype of AI and its future impacts. Sentiment remains more optimistic than I would expect as well, but I think that will change as new economic data gets released as the year progresses. So, I want to heed a warning of caution to not get caught up in the market’s returns that have been impacted the most by the largest mega-cap companies as well as the tech sector. Don’t be surprised if you continue to see and experience high volatility over the next 6-12 months as the market attempts to price in the future recession and ensuing impact it’ll have on future corporate profits.
Download the Mid-Year Outlook here.
The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual. Investing involves risk including loss of principal. No strategy assures success or protects against loss. The economic forecasts et forth in this material may not develop as predicted and there can be no guarantee that strategies promoted will be successful.
I’d like to share LPL Research’s Mid-Year Outlook for the 2nd half of 2023. The article recaps some of the uncertainty and surprises we have seen in the 1st half of 2023, which has certainly been a unique year in terms of the economy and how the markets have reacted. What I would consider as the most pertinent portions of the outlook are the first few sections, including: Overview, Economy, and Stocks.
As it pertains to the markets, this has been a unique year—especially with a small handful of companies comprising the majority of the stock market’s returns. The market has surged amidst the uncertainty and has certainly grown much more than I would expect with the hype of AI and its future impacts. Sentiment remains more optimistic than I would expect as well, but I think that will change as new economic data gets released as the year progresses. So, I want to heed a warning of caution to not get caught up in the market’s returns that have been impacted the most by the largest mega-cap companies as well as the tech sector. Don’t be surprised if you continue to see and experience high volatility over the next 6-12 months as the market attempts to price in the future recession and ensuing impact it’ll have on future corporate profits.
Download the Mid-Year Outlook here.
The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual. Investing involves risk including loss of principal. No strategy assures success or protects against loss. The economic forecasts et forth in this material may not develop as predicted and there can be no guarantee that strategies promoted will be successful.
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