LPL Hires Chief People Officer from McKinsey on Heels of Commonwealth Close

Published on August 4, 2025

LPL hires McKinsey, Accenture alum to oversee its human resources division as it embarks on a major integration with Commonwealth.

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P/E10 and Market Valuation: July 2025

August 4, 2025
Here is the latest update of a popular market valuation method, Price-to-Earnings (P/E) ratio, using the most recent Standard & Poor's "as reported" earnings and earnings estimates, and the index monthly average of daily closes for the past month. The latest trailing twelve months (TTM) P/E ratio is 27.7 and the latest P/E10 ratio is 37.4.

The High-Beta Melt-Up: Echoes of 1999

August 4, 2025
Is this period different from the high-beta boom-and-bust cycle during the dot-com era? Only time will tell. While there are some similarities, key differences exist.