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Market Update: 10-30-17

Jerris Wealth Management Group LPL Research Weekly Market Update

NOVEMBER PREVIEW: THE CALENDAR IS TICKING ON TAX REFORM

John Lynch Chief Investment Strategist, LPL Financial | Ryan Detrick, CMT Senior Market Strategist, LPL Financial

Along with the holiday anticipation November can bring, it is also historically a bullish time for equities. The S&P 500 Index is on pace to log another gain in October, marking 7 consecutive monthly gains on a price basis and 12 in a row on a total return basis (including dividends). But the incredible strength does have some potential warnings, as the S&P 500 has now gone nearly a full year since the last 3% correction, the longest such streak in history. During the month, multiple central banks are meeting, earnings season will be winding down, and tax reform is entering a critical stretch. To help, we’ve created this guide that looks at key events that are set to take place in November 2017.

Market Update: 10-23-17

Jerris Wealth Management Group LPL Research Weekly Market Update

FIVE REASONS TO TAKE A LOOK AT JAPAN

Burt White Chief Investment Officer, LPL Financial | Jeffrey Buchbinder, CFA Market Strategist, LPL Financial

This week marks the 30th anniversary of the 1987 stock market crash in what has come to be known as Black Monday. The Dow plunged more than 22% on that day — the equivalent of a more than 5,000-point drop today — while markets around the world suffered severe declines as well. Here we look back at the crash, draw some comparisons to today’s market environment, and offer some comfort to those who may fear a repeat.

Market Update: 10-16-17

Jerris Wealth Management Group LPL Research Weekly Market Update

THE 1987 CRASH: A NOT SO HAPPY ANNIVERSARY

Burt White Chief Investment Officer, LPL Financial | Jeffrey Buchbinder, CFA Market Strategist, LPL Financial

This week marks the 30th anniversary of the 1987 stock market crash in what has come to be known as Black Monday. The Dow plunged more than 22% on that day — the equivalent of a more than 5,000-point drop today — while markets around the world suffered severe declines as well. Here we look back at the crash, draw some comparisons to today’s market environment, and offer some comfort to those who may fear a repeat.

Market Update: 10-09-17

Jerris Wealth Management Group LPL Research Weekly Market Update

THIRD QUARTER 2017 EARNINGS PREVIEW - SLOWER BUT STILL SOLID

Burt White Chief Investment Officer, LPL Financial | Jeffrey Buchbinder, CFA Market Strategist, LPL Financial

Third quarter earnings season gets underway this week (October 9–13) and it should be another good one. The S&P 500 Index has exceeded earnings expectations 33 straight quarters and we see no reason why the third quarter won’t make it 34. However, as seen in Figure 1, earnings growth should fall short of the stellar results and double-digit pace of the past two quarters. We don’t like to lead with the negatives, but some of the reasons earnings growth may slow down this quarter include: ƒƒHurricane impacts. The most visible impact of the devastating hurricanes (Harvey and Irma) late in the third quarter can be seen in insurance company earnings estimates. The property casualty industry within the financials sector may have to absorb more than $100 billion in insured losses during the quarter, which is why financials earnings are expected to fall. Disruptions in other industries in the affected areas (Florida and Texas) such as retail and oil and gas production add to the challenge.

Market Update: 10-02-17

Jerris Wealth Management Group LPL Research Weekly Market Update

MARKETS BUYING INTO TAX REFORM

Burt White Chief Investment Officer, LPL Financial | Jeffrey Buchbinder, CFA Market Strategist, LPL Financial

Last week’s tax proposal presented real progress. For much of this year we have been espousing what has felt like a minority view — that Republicans would reach some sort of tax agreement in early 2018. After last week, that view may have become the majority — even if only a slight one — as key tax policy players in Washington, D.C. put out a framework with more details. The plan is geared toward securing votes from the most conservative wing of the Republican Party and appears to have achieved its objective. Here we share some implications of that proposal and explore what some market-based barometers of tax reform show.

Market Update: 9-25-17

Jerris Wealth Management Group LPL Research Weekly Market Update

THE BULL MARKET APPEARS ALIVE AND WELL

Burt White Chief Investment Officer, LPL Financial | Jeffrey Buchbinder, CFA Market Strategist, LPL Financial

The steady bull market—now the second largest—continues. The Dow just had its third nine-day win streak of 2017, which hasn’t happened within a single year since 1955. Can the rally continue? While longer-term technicals do look very healthy, a closer look suggests that it has been a historically long time since even a modest correction, thus increasing the chances of a rise in volatility soon.

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Susan Jerris

Susan
Jerris

LPL Registered Principal 
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Anthony Roble

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Roble

LPL Registered Administrative Assistant
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CA Insurance License #0K61923
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