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LPL Street View: 3 Types of Lies

LPL Street View: 3 Types of Lies

| February 17, 2021
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“There are three kinds of lies: lies, darn lies, and statistics.” Mark Twain

As Mark Twain famously said many years ago, statistics can be twisted and turned however you’d like, telling whatever story you want to tell. In the latest LPL Street View, LPL Financial Chief Market Strategist Ryan Detrick shows how this is still happening today.

Ryan explains that the results of the Super Bowl and the Year of the Ox are both historically quite bullish for equities. Of course, while there is no correlation at all between equity returns and these two events, they tell compelling stories and investors are drawn to a good story. Not to be outdone, Ryan also notes how Nicholas Cage movies are actually correlated with the number of people who fall and drown in a pool, while overall margarine consumption in the US is correlated with the divorce rate in Maine.

Please watch this fun Street View video below to learn what really matters for your investments. Also, please give it a like or follow our YouTube Channel, as those go a long way to getting our videos out to more people.

 

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 risks including possible loss of principal. Any economic forecasts set forth may not develop as predicted and are subject to change.

References to markets, asset classes, and sectors are generally regarding the corresponding market index. Indexes are unmanaged statistical composites and cannot be invested into directly. Index performance is not indicative of the performance of any investment and do not reflect fees, expenses, or sales charges. All performance referenced is historical and is no guarantee of future results.

Any company names noted herein are for educational purposes only and not an indication of trading intent or a solicitation of their products or services. LPL Financial doesn’t provide research on individual equities. All information is believed to be from reliable sources; however, LPL Financial makes no representation as to its completeness or accuracy.

All index and market data from FactSet and MarketWatch.

This Research material was prepared by LPL Financial, LLC.

Securities and advisory services offered through LPL Financial (LPL), a registered investment advisor and broker-dealer (member FINRA/SIPC).

Insurance products are offered through LPL or its licensed affiliates.  To the extent you are receiving investment advice from a separately registered independent investment advisor that is not an LPL affiliate, please note LPL makes no representation with respect to such entity.

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