Initial jobless claims came in at a record 3.3 million last week, exceeding most economist estimates. In our latest LPL Street View video, LPL Financial Chief Investment Officer Burt White breaks down big number, but also focuses on some numbers that are more important.

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We’ve been closely monitoring the details in our Road to Recovery Playbook over the past few weeks, looking for ways to opportunistically take advantage of the sharp pullback in equity prices. The Playbook consists of five factors we are scrutinizing in order to gauge progress toward the market’s bottoming process and to signal an appropriate time to get more aggressive with equity allocations. One of those factors emphasizes whether we believe there is visibility into the probability and severity of a US recession. We believe a review of the IHS Markit Flash U.S. Composite PMI™ for March 2020 provided useful insights relate

Stocks soared last week, working off historically oversold levels. Although the impact to our economy and American workers has been devastating, we did see some positive developments from monetary and fiscal stimulus, which could set up a powerful eventual economic rebound. This week, we share an update on our Road to Recovery Playbook, as we have seen more signs of a major low in equities. We have upgraded our equities recommendation to overweight from market weight where appropriate.

Where We Are

The COVID-19 pandemic continues to significantly and negatively impact the global economy, making this crisis one of the worst w

Stocks rebounded sharply this week even as the COVID-19 pandemic continues to spread rapidly in the United States. The movement toward passage of the nearly $2 trillion fiscal stimulus package and unprecedented actions from the Federal Reserve (Fed) helped stocks snap back. Slowing growth in new cases in some countries provided reassurance.

After tumbling 34% from its February 19 record high through the March 23 low, the S&P 500 Index gained over 10% through Friday, including the biggest three-day rally since the 1930s. The Dow Industrials rallied 21% off its lows, causing some to call its bear market over, before pulling bac