Silver Lining in Consumer Confidence Data

The Conference Board’s Consumer Confidence Index (CCI) for April came in 86.9, falling more than 30 points from the prior month. The monthly drop was the biggest for the index since 1973, reflecting the severity of the economic impact of COVID-19 containment efforts.

This piece of economic data is seen by some economists as a leading indicator for consumer spending and the US economic growth. The CCI measures consumers’ feelings about current and future economic conditions, including how respondents feel about their ability to gain employment.

Download the Full Article



Judy VanArsdale

Phone:  847-550-1500 /


DEER PARK, IL — April 27, 2020 – Judy VanArsdale a financial advisor at Lakeview Wealth Management in Deer Park, Illinois has been named one of the 2020 Top Women Wealth Advisors in the nation by Forbes.

The annual list spotlights top-performing women wealth management professionals across the country. The Forbes ranking is based on insights from SHOOK Research, which compiles quantitative and qualitative criteria. According to Forbes, the award winners have at least seven years’ experience, and were chosen based on industry experience, in-person interviews, compliance records and assets under management*.

“This is a prestigious list of very accomplished women advisors, and I congratulate Judy on behalf of the entire LPL family,” said Andy Kalbaugh, LPL managing director and divisional president, National Sales and Consulting. Judy demonstrates a strong commitment to clients, providing meaningful insights and hands-on service as she helps them work toward their financial goals and dreams. We thank her for demonstrating the value of LPL’s independent platform to help women reach their full potential in our industry. LPL is proud to provide the resources, technology and service to support Judy and her firm, and we wish her continued success.”

Judy has 17 years’ experience in the financial service industry has offices located in Deer Park, Downers Grove and St. Charles, IL and provides a full range of financial services, including retirement and financial planning, individual money management, individual stocks and bonds, mutual funds, annuities and more. Please visit their website at for more details.

VanArsdale is financial advisor affiliated with LPL Financial, the nation’s largest independent broker-dealer** and a leader in the retail financial advice market, providing resources, tools and technology that support advisors in their work to enrich their clients’ financial lives.

About LPL Financial

LPL Financial ( is a leader in the retail financial advice market and the nation’s largest independent broker-dealer**. We serve independent financial advisors, professionals and financial institutions, providing them with the technology, research, clearing and compliance services, and practice management programs they need to create and grow thriving practices. LPL enables them to provide objective guidance to millions of American families seeking wealth management, retirement planning, financial planning and asset management solutions.


*The Forbes ranking of America’s Top Women Wealth Advisors, developed by SHOOK Research, is based on an algorithm of qualitative and quantitative data, rating thousands of wealth advisors with a minimum of seven years of experience and weighing factors like revenue trends, assets under management, compliance records, industry experience and best practices learned through in-person interviews. This award does not evaluate the quality of services provided to clients and is not indicative of this advisor’s future performance. Neither LPL Financial nor the advisors pay a fee to Forbes in exchange for inclusion in the Top Women Wealth Advisors list.

**Based on total revenues, Financial Planning magazine, June 1996-2019

LPL Financial, Forbes, SHOOK Research and Lakeview Wealth Management are all separate entities. Securities offered through LPL Financial. Member FINRA/SIPC

What Happened To Oil

Negative oil prices have dominated headlines recently. A combination of oversupply, lack of demand, and a lack of storage capacity resulted in temporarily negative oil prices, where holders of a futures contract were paying others to take delivery of oil for them. We explore what happened, what it means for the world market, and where oil prices could ultimately be headed.

Download the Full Article

Stocks Slide as Oil Prices Drop

Stocks moved lower on the week as volatility in the oil patch dominated headlines. Prices for the May contracts for WTI crude oil briefly vaulted into negative territory ahead of the settlement date on April 21. Jobless claims continued to climb at a record pace, though the growth rate declined for a third consecutive week.

Download the Full Article

LPL Office Talk: Putting The Rally In Perspective

One month ago today the S&P 500 Index bottomed after a vicious bear market. Was this the ultimate bottom? We’ll have to wait and see, but what we do know is the rally we’ve seen over the past month is nearly as historic as the drop coming into it was.

“We recently had the best 20-day rally for the S&P 500 since March 2009 and one of the best ever,” explained LPL Financial Senior Market Strategist Ryan Detrick. “Looking back at the previous best 20-day rallies, one thing is consistent: very strong returns going out a year.”

Download the Full Article

When Will The Recession Officially Start?

With 22 million jobs lost in the past four weeks, a record drop in retail sales, and huge drops in industrial production and housing starts, it is safe to say we are likely in a recession. Even the Federal Reserve (Fed) in the recent Beige Book said that “economic activity contracted sharply and abruptly.” We highly doubt the Fed would say that if they didn’t believe the economy was in a recession.

Download the Full Article

How We Respond Matters

Dear Valued Investor,

“Life is 10% what happens to you and 90% how you respond to it.” — Lou Holtz, Hall of Fame football coach

As the battle against the COVID-19 pandemic continues, how we respond to it will determine how we beat it. Continued sacrifices range from everyone in the medical community working on the front lines to the thousands of truck drivers across our country keeping goods flowing, parents who have become homeschoolers, and folks missing their family events to help stop the spread of this terrible outbreak. As Lou Holtz said, we can’t control what happens, but how we respond to it is what matters. Our response to this crisis has shown the resolve and strength of the human spirit, which is why we will overcome.

Download the Full Letter

Negative Oil Futures Price Creates Confusion

Headlines had oil selling at -$37.63 per barrel at close on Monday, April 20. The negative sign in front? Sellers had to pay buyers $37.63 to take the oil off their hands. Except this wasn’t the price of oil. It was the price of a useful financial instrument, called a futures contract, in this case a contract for delivery of oil in May at a particular price. The nearest futures contract in date is often used as a proxy for the price of oil, since it trades regularly and usually tracks the price of oil well. But on Monday, quirks in the futures market created an artificial price that, while historic and capturing the extreme stress we’re seeing in the oil market, was not quite the same as the actual price of oil.

Download the Full Article