2026 Outlook Executive Summary

READ THE EXECUTIVE SUMMARY HERE READ THE FULL OUTLOOK 2026 HERE SUMMARY : This document presents LPL Research’s outlook for 2026, emphasizing the influence of policy decisions on market dynamics and investment strategies. ​ Market Dynamics and Policy Influence The 2025 market was characterized by volatility driven more by fiscal and monetary policy than by […]

DECEMBER 2025 CLIENT LETTER

December 3, 2025 Dear Valued Investor, Stock investors were rewarded for staying the course in November as broad stock market averages recovered from a mid-month dip to end near record highs. The comeback extended the S&P 500 Index’s streak of monthly gains to seven – something to be thankful for alongside the arrival of the […]

NOVEMBER 2025 CLIENT LETTER

November 5, 2025 Dear Valued Investor, The last week of October delivered a flurry of impactful headlines across earnings, monetary policy, and geopolitics — each shaping the investment landscape as we head into year-end. Here are some key takeaways: Corporate America continues to impress. We’re now more than 70% through third quarter earnings season and […]

OCTOBER 2025 CLIENT LETTER

October 1, 2025 Dear Valued Investor, The October 1 deadline has passed, and the U.S. government has shut down. While political gridlock is never ideal, history suggests that shutdowns tend to be short-lived and have minimal sustained impact on the economy or the stock market. They are largely about political posturing and therefore don’t take […]

SEPTEMBER 2025 CLIENT LETTER

September 3, 2025   Dear Valued Investor, As summer winds down, the financial world remains focused primarily on the Federal Reserve (Fed). At last month’s Jackson Hole Economic Symposium, Fed Chair Jerome Powell signaled the Fed seems ready to cut interest rates later this month amid a slowing labor market and inflation risks poised to […]

AUGUST 2025 CLIENT LETTER

August 6, 2025 Dear Valued Investor, The last few days of July and the beginning of August have brought a flurry of key economic data, central bank activity, company earnings results, and tariff news. Here are some takeaways from the week of July 28: Slowing U.S. economy. Second-quarter gross domestic product grew at a 3% […]