For decades, retirement savers had a fairly simple menu: stocks, bonds, and a few target date funds that combined the two in different proportions. Alternatives, such as hedge funds, private credit, and private equity, were not even an option unless you were a pension fund or ultra-high-net-worth investor meeting high-bar qualifications. That may change soon, as Washington is working on another big policy shift, this time particularly focused on alternative investments.

On August 7, 2025, President Trump signed an executive order called “Democratizing Access to Alternative Assets for 401(k) Investors.” The order requi

Late last Friday, the Court of Appeals for the Federal Circuit (CAFC) largely affirmed the Court of International Trade’s (CIT) May ruling blocking President Trump’s tariffs imposed under the International Economic Emergency Powers Act (IEEPA). We expect the decision to land at the Supreme Court and for a ruling to come early in 2026, so it’s not clear if any tariffs must be removed just yet. Based on what we’ve heard from the various courts that have heard this case so far, and the policy strategists we follow, we believe it’s more likely than not that the Supreme Court upholds the CAFC decision, but that is a v

As we reach the end of summer and head into fall, we examine LPL Research’s current tactical views as expressed in our Tactical Asset Allocation (TAA). Our Growth with Income (GWI) portfolio, which tracks most closely the traditional 60/40 stocks/bonds portfolio, is shown below, and compared to our GWI Diversified benchmark.

LPL Research Growth with Income (GWI) Tactical Asset Allocation (TAA)

• Source: LPL Research 08/29/25
• Disclosure: Indexes are unmanaged and cannot be invested into directly. All performance referenced is historical and is no guarantee of future results.

Equities vs Fixed Income: Tac

As summer winds down, many Americans experience a mix of emotions — saying goodbye to backyard barbecues, beach outings, camping trips, and rounds of golf, while welcoming cooler temperatures, the back-to-school season, and weekends filled with football. Similarly, the financial markets often shift gears in September, moving away from the quiet summer months marked by low trading volumes and limited volatility, and entering a period historically associated with seasonal weakness and increased market instability.

Of course, seasonal trends should always be viewed with caution — they reflect the broader market climate,