July 12th, 2016 marked the first new all-time closing high for the S&P 500 Index in nearly 14 months. LPL research noted at the time, a first new high after at least a year can kick off a strong period of outperformance for equities. Sure enough, the S&P 500 has made 42 new highs and is up 14% over the past year (as of July 13, 2017). But, the amazing performance over the past twelve months doesn’t stop there. The index incredibly hasn’t pulled back at least 5% (on a closing basis) over that period. Click here to read more... Q2 Economic Update