Market Commentary Highlights...

• The rebound in sentiment may have had to do, in part, with the second quarter earnings season due to kick off this week.
• While the S&P 500 has lost 11% since the peak of the stock market on April 23rd, the analyst consensus earnings expectations for S&P 500 companies over the next 12 months have been rising for every sector of the stock market.
• A silver lining of a soft labor market is that profit margins are widening, magnifying the impact of revenue growth during the quarter.
• The commitment to growth evident in the strong pace of spending by businesses during the quarter suggests that corporate leaders may reflect this improving outlook when they report their performance for the quarter and also in their guidance for future quarters.

Read the entire Market Commentary. (pdf format)

Lincoln Savings Bank and LSB Financial are pleased to provide the above Market Commentary for the week of July 12, 2010. The commentary is prepared by LPL FINANCIAL RESEARCH, the broker-dealer partner for Lincoln Savings Bank and LSB Financial. This commentary and others like it can be found at www.mylsb.com/investments/commentary.aspx

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This information is being provided by Lincoln Savings Bank (LSB) / LSB Financial, an Iowa-based institution devoted to providing complete financial services since 1902. www.mylsb.com