Global Portfolio Strategy

The STAAC Committee maintains its overweight equities recommendation relative to bonds for August based on the belief that near-term recession fears may be overdone.

The Strategic and Tactical Asset Allocation Committee (STAAC) changed its recommended asset allocation for July, shifting from core bonds to small cap equities.

The Strategic and Tactical Asset Allocation Committee (STAAC) made only minor asset allocation changes for June, including shifting from communication services to energy, which translated into a modest value tilt.

The Strategic and Tactical Asset Allocation Committee (STAAC) continues to recommend a slight overweight to equities versus bonds.

LPL Research continues to recommend a slight overweight to equities versus bonds as still-solid fundamentals outweigh pressure on valuations.

LPL Research continues to favor cyclical sectors in general for 2021 based on the early cycle stage of the economic expansion.

LPL Research expects solid economic and earnings growth to help U.S. stocks deliver solid gains in 2022.

LPL Research continues to favor stocks over bonds and expects cyclical value stocks to perform well.

October gets a bad rap—but it has historically been the best one for stocks and we see further (but modest) gains for stocks over the rest of the year.

We see modest gains for stocks over the rest of the year, powered by a strong economic growth outlook and tremendous earnings momentum…