See LPL Research’s latest monthly market outlook in the July 2021 Global Portfolio Strategy.
Global Portfolio Strategy
We expect stocks to continue to grow into their valuations on the back of tremendous earnings momentum as the economy fully reopens, vaccine distribution…
First quarter earnings season was truly remarkable and we lifted our earnings forecasts and our year-end S&P 500 Index fair value target rang.
We favor stocks over bonds based on expectations for economic growth, a strong rebound in corporate profits, and increased COVID-19 vaccine distribution.
We continue to favor stocks relative to bonds with upgraded expectations as economic strength continues to surprise.