Healthcare has been getting more support from the market pundits lately as a potential value play. While LPL Research’s Strategic and Tactical Asset Allocation Committee (STAAC) has a neutral recommended weighting for the sector, our assessment of the fundamentals (including policy risk) and our technical analysis work suggest the sector is closer to an underweight than an overweight. At this point, attractive valuations and the possibility that a near-term market pullback improves the performance of defensive sectors leave us comfortable at neutral. If some proceeds are needed to fund an upgrade, healthcare will be in the discussion &m

The U.S. Dollar Index (DXY) has rebounded over the last month following its worst first half since its inception in 1973. Progress on trade negotiations, a patient higher-for-longer Federal Reserve (Fed), better-than-expected economic data (up until last Friday’s employment report), and rotational pressure back into U.S. equities have been key catalysts behind the recovery. Technically, oversold conditions, contrarian levels of bearish sentiment and positioning, and major uptrend support for the DXY have also been supportive of the greenback. 

Of course, with currencies, it’s all relative to the other side of the

Volatility across major asset classes is currently sitting at unusually low levels. While volatility is often viewed as a broad measure of risk in financial markets, its role has evolved significantly in recent years. It’s no longer just a conceptual tool used to describe uncertainty or instability. In today’s financial ecosystem, volatility has become a core component of market structure — a directly tradable instrument that influences everything from portfolio construction to asset pricing. Quantitative strategies increasingly rely on volatility as a foundational input, while entire product suites — from vanilla ETFs

With a week as jam-packed with economic data, earnings, and events as last week, it’s no surprise it ended with a bout of volatility. Stocks broadly treaded water for most of the week as market participants digested the latest big tech earnings, the July Federal Open Market Committee (FOMC) decision, a flurry of economic data, and another U.S. tariff salvo — before major equity averages ultimately slumped in response to a weaker-than-expected payrolls print paired with the largest revision to prior months in five years. The payrolls surprise sparked what is arguably a necessary breather for an overbought U.S. equity market to grin