In the latest LPL Market Signals podcast, LPL Research’s Chief Equity Strategist Jeffrey Buchbinder and Head of Equity Research, Thomas Shipp hold a Ryder Cup style competition between U.S. equities and their worthy international competitors. International leads on valuation, but there is plenty of talent on the U.S. side.
The S&P 500 ended lower last week as markets unwound some Fed rate cut expectations, pushing yields higher. Energy stocks were winners, while the AI trade took a bit of a breather.
In an equity market Ryder Cup style competition between the U.S. and international stocks, the U.S. scored points on economic growth, earnings, and innovation, while international markets dominated the valuation match. The tense competition for technical analysis and currency superiority was tight, going down to the wire.
The strategists then closed with a preview of the week ahead, including another likely soft jobs report (consensus expects 50,000 new jobs) and a possible government shutdown on October 1.
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