Dropping central bank rates will help a lot, with the 10-year Treasury total return rising as much as 13%, the firm contends.
The $260 billion pension giant also said it will divest and restrict investments in Exxon Mobil and seven other oil-and-gas companies
Odds are that improved economic news will slow rate declines, but that may not be much of a tonic for stocks, says LPL.
With the CIO position vacant since September 2023, a second set of interviews will be held on February 28.