Lpl Financial Holdings Inc. · NASDAQ:LPLA
Lpl Financial — Investor Presentation (May 2025)
19 slides from Lpl Financial's investor presentation, May 5, 2025
Slide 1: LPL Market Signals
LPL Market Signals Listen to the New Episode Now! Member FINRA/SIPC
Slide 2: Important Disclosures
Important Disclosures This material is for general information only and is not intended to provide specific advice or recommendations for any individual. There is no assurance that the views or strategies discussed are suitable for all investors or will yield positive outcomes. Investing involves ri
Slide 3: Agenda
Agenda 1. Market Recap: First 9 session win streak since ‘04 2. Where Stocks Stand After the Rally 3. Finding Value in Municipal Bonds 4. Week Ahead: Fed Meeting and Earnings Member FINRA/SIPC 3
Slide 4: Market Recap
Market Recap First 9 Session Win Streak for the S&P 500 Since ‘04 Member FINRA/SIPC
Slide 5: Market Performance
Market Performance GLOBAL CAPITAL MARKET RETURNS x Price 5-Day 3-Mo. YTD 1-Yr. Price 5-Day 3-Mo. YTD 1-Yr. ($) (%) (%) (%) (%) ($) (%) (%) (%) (%) Domestic Equity Benchmarks (previous day) Global Equity Benchmarks (previous day) S&P 500 5,686.67 2.9 -5.5 -2.9 13.8 MSCI All-Country World 849.25 3.0 -
Slide 6: Market Performance (Continued)
Market Performance (Continued) GLOBAL CAPITAL MARKET RETURNS Price 5-Day 3-Mo. YTD 1-Yr. Price 5-Day 3-Mo. YTD 1-Yr. ($) (%) (%) (%) (%) ($) (%) (%) (%) (%) Fixed Income (previous day) BBG=Bloomberg Commodity Indices (previous day) BBG=Bloomberg BBG U.S. Agg. Bond Index 2,241.00 -0.3 1.8 2.4 6.4 BBG
Slide 7: Where Stocks Stand After the Rally
Where Stocks Stand After the Rally A Global Perspective Member FINRA/SIPC
Slide 8: Nasdaq Index Facing Technical Resistance
Nasdaq 100 Index Facing Technical Resistance Like the S&P 500, the Nasdaq-100 Has Recovered Its Post-April 2 Losses Source: LPL Research; Bloomberg 05/04/25 Disclosures: All indexes are unmanaged and cannot be invested in directly. Past performance is no guarantee of future results. Member FINRA/SIP
Slide 9: Despite the Big Rally, Stocks Remain Under-Owned
Despite the Big Rally, Stocks Remain Under-Owned U.S. Equity Combined Positioning Source: Vanda 05/02/25 Disclosures: All indexes are unmanaged and cannot be invested in directly. Past performance is no guarantee of future results. Member FINRA/SIPC 9
Slide 10: Public Increasingly Fears Recession
Public Increasingly Fears Recession Source: LPL Research; Bloomberg, Polymarket 05/04/25 Disclosures: All indexes are unmanaged and cannot be invested in directly. Past performance is no guarantee of future results. Member FINRA/SIPC 10
Slide 11: S&P Down More in Euros than Dollars
S&P 500 Down More in Euros than Dollars Facing Key Technical Resistance Source: LPL Research; Bloomberg 05/04/25 Disclosures: All indexes are unmanaged and cannot be invested in directly. Past performance is no guarantee of future results. Member FINRA/SIPC 11
Slide 12: China's Stock Market Has Been Leading Emerging Markets
China’s Stock Market Has Been Leading Emerging Markets Can the others catch up? Source: LPL Research; Bloomberg 05/04/25 Disclosures: All indexes are unmanaged and cannot be invested in directly. Past performance is no guarantee of future results. Member FINRA/SIPC 12
Slide 13: Good Value in Municipal Bonds
Good Value in Municipal Bonds Attractive Tax Equivalent Yields Member FINRA/SIPC
Slide 14: Starting Municipal Bond Yields Attractive vs. History
Starting Municipal Bond Yields Attractive vs. History * Assumes tax rate of 40.8% Source: LPL Research, Bloomberg, 05/02/25 Disclosures: All indexes are unmanaged and cannot be invested in directly. Past performance is no guarantee of future results. Member FINRA/SIPC 14
Slide 15: Muni Issuance Trends Remain Above Historical Averages
Muni Issuance Trends Remain Above Historical Averages Source: LPL Research, Bloomberg, 05/02/25 Disclosures: All indexes are unmanaged and cannot be invested in directly. Past performance is no guarantee of future results. Member FINRA/SIPC 15
Slide 16: Munis Have Had Better Default Characteristics Than Corporates
Munis Have Had Better Default Characteristics Than Corporates 10-Year cumulative default rates, 1970–2023 Source: LPL Research, Bloomberg, 05/02/25 Disclosures: All indexes are unmanaged and cannot be invested in directly. Past performance is no guarantee of future results. Member FINRA/SIPC 16
Slide 17: Week Ahead
Week Ahead Fed Meeting and Another Busy Week of Earnings Member FINRA/SIPC
Slide 18: Week Ahead: FOMC Meeting and More Earnings
Week Ahead: FOMC Meeting and More Earnings 92 S&P 500 companies report Q1 2025 earnings this week 05/05/25 Event Period Survey Actual Prior S&P Global US Services PMI Apr F 51.2 -- 51.4 S&P Global US Composite PMI Apr F 51.2 -- 51.2 ISM Services Index Apr 50.3 -- 50.8 ISM Services Prices Paid Apr 61
Slide 19: Thank You for Joining
Thank You for Joining Member FINRA/SIPC
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