There has been no shortage of trade policy curveballs thrown at the market since the White House announced shockingly high reciprocal tariffs on April 2. Stocks declined sharply and interest rates spiked higher on the news, prompting President Trump
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The classic 60/40 portfolio has weathered its fair share of storms (and criticisms) in recent times, and 2025 is shaping up to be a year defined by complexity, volatility, and recalibration for asset allocators. As we move through the second quarter,
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Playbook Summary:
• Headline risk is especially acute during periods of uncertainty.
• Some countries, like Germany, are more vulnerable to trade wars than others.
• Broad-based tariffs create more economic inefficie
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In today’s globalized economy, the structure of a country’s tax system plays a crucial role in determining its economic performance. International tax competitiveness, which refers to how favorable a country’s tax policies are compa
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The recent downturn in equity markets has heightened fears of a looming recession among investors. Factors such as newly imposed tariffs by the new presidential administration, concerns about an economic slowdown, and persistent inflationary pressure
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As highlighted in previous LPL Research blogs this week (“Invest in the Long Term” and “Equity Markets Grapple With Tariffs”), market volatility and pullbacks are not uncommon by any means. Unfortunately, what is also not unco
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Key Takeaways
• Yesterday, Treasury yields declined as investors got nervous about growth, with the 10-year yield temporarily dipping below 4.30%.
• Consumer confidence fell in February, creating the catalyst for a dec
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On Sunday, February 9, President Trump announced new tariffs on steel and aluminum imports. These actions are consistent with his campaign promises to protect American industries and reduce the trade deficit through the use of tariffs. These new tari
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Key Takeaways
• Annual inflation accelerated up to 3.0% in January from 2.9% in the previous reading.
• Shelter costs rose 0.4% in January, accounting for nearly a third of the headline increase.
• Energy
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Fixed income investors will remember 2022–2024 as the longest and deepest yield curve inversion in modern history. After first inverting in July 2022, the yield curve didn’t revert back to “normal” until December 2024 —
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