Lpl Financial Holdings Inc. · NASDAQ:LPLA
Lpl Financial — Investor Presentation (October 2025)
19 slides from Lpl Financial's investor presentation, Oct 28, 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: New Highs for the S&P 500, Dow, Nasdaq and Russell 2000 2. What’s Driving the Drop in Treasury Yields? 3. Halloween Special: What Could Spook Markets 4. Busy Week Ahead: Fed, Trump-Xi, and Earnings Barrage Member FINRA/SIPC 3
Slide 4: Market Recap
Market Recap Resilient Amid Credit Concerns 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 6,791.69 1.9 7.1 16.7 18.4 MSCI All-Country World 1,001.37 1.8
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) Commodity Indices (previous day) BBG U.S. Agg. Bond Index 2,351.17 0.2 3.9 7.4 6.4 BBG Commodty Index 268.54 -0.4 4
Slide 7: Bond Market Update
Bond Market Update What’s Driving the Drop in Treasury Yields? Member FINRA/SIPC
Slide 8: What's Driving the Drop in Treasury Yields?
What’s Driving the Drop in Treasury Yields? Growth and inflation expectations are falling Source: LPL Research; Bloomberg 10/27/25 Disclosures: Past performance is no guarantee of future results. Member FINRA/SIPC 8
Slide 9: Market-Implied Inflation Expectations Remain Anchored
Market-Implied Inflation Expectations Remain Anchored Breakeven inflation rates Source: LPL Research; Bloomberg 10/27/25 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: The End (of QT) is Nigh
The End (of QT) is Nigh Quantitative tightening coming to an end? Source: LPL Research; Bloomberg 10/27/25 Disclosures: Past performance is no guarantee of future results. Member FINRA/SIPC 10
Slide 11: Halloween Special
Halloween Special What Could Spook Markets Member FINRA/SIPC
Slide 12: Job Growth Heading to Stall Speed
Job Growth Heading to Stall Speed Source: LPL Research, ADP, Bureau of Labor Statistics, 10/27/25 Past performance is no guarantee of future results. Member FINRA/SIPC 12
Slide 13: Stock Valuations Nearing Late 1990s Dotcom Boom Peak
Stock Valuations Nearing Late 1990s Dotcom Boom Peak Note: Series represents operating earnings excluding non-recurring and non-operating items. Source: LPL Research, FactSet, 10/23/25 Disclosures: Indexes are unmanaged and cannot be invested in directly. Past performance is no guarantee of future r
Slide 14: Leverage Surge Exceeds Late 1990s, Mid 2000s, and Post-COVID Period
Leverage Surge Exceeds Late 1990s, Mid 2000s, and Post-COVID Period Source: LPL Research, FINRA, Bloomberg 10/22/25. Monthly data through 09/30/25. Past performance is no guarantee of future results. Member FINRA/SIPC 14
Slide 15: Markets Expect the Fed to Cut Rates to Below 3% Next Year
Markets Expect the Fed to Cut Rates to Below 3% Next Year Implied federal funds rate based on futures market Source: LPL Research, Bloomberg, 10/23/25 Past performance is no guarantee of future results. Member FINRA/SIPC 15
Slide 16: Long Bond Yields Break Down to Multi-Month Lows
Long Bond Yields Break Down to Multi-Month Lows Source: LPL Research, Bloomberg, 10/23/25 Past performance is no guarantee of future results. Member FINRA/SIPC 16
Slide 17: Busy Week Ahead
Busy Week Ahead Fed, Trump-Xi, and Earnings Barrage Member FINRA/SIPC
Slide 18: Week Ahead: Fed Week and Peak Earnings
Week Ahead: Fed Week and Peak Earnings 10/27/25 Event Period Survey Actual Prior 10/29/25 Event (Continued) Period Survey Actual Prior Durable Goods Orders Sep P 0.20% -- -- FOMC Rate Decision (Upper Bound) 29-Oct 4.00% -- 4.25% Durables Ex Transportation Sep P 0.20% -- -- FOMC Rate Decision (Lower
Slide 19: Thank You for Joining
Thank You for Joining Member FINRA/SIPC
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