While he has been consistently bullish on bonds, Gary Shilling's allocation to that sector is now almost double the panel's average. "Since May stocks have basically gone nowhere and bonds have been rallying," he says. Shilling notes that economic stimuli from tax cuts and defense spending have already been absorbed and that the recession normally experienced in the first or second year after a Presidential election could be compounded by a rise in interest rates. And then there's oil pricing and terrorism. "Put all that together and the outlook for stocks is not all that rosy, and what's bad for stocks is good for bonds, Treasuries in particular." --Robert F. Keane
Access complimentary resources from Cambridge Investments to help navigate the fiduciary rule changes.
If you’re thinking of changing broker-dealers, you owe it to yourself to read this article that covers all major aspects of the transition process.
This White Paper outlines the immediate actions firms can take to correct outdated and costly supervision procedures.
Sep 27, 2016
Some broker-dealers have already decided to exit certain lines of business and are sizing up how the rule will impact their IT and compliance budgets....
Sep 20, 2016
This webcast will review the key aspects of the amendments and the steps that funds and intermediaries can take in order to comply with the...
Sep 13, 2016
Nationwide is providing a deeper look into the rule’s implications and a discussion of decisions firms will need to make in order to comply.