European Central Bankers Said to Be Reviewing Corporate-Bond Plan
Key economists have discovered that their easy money is (surprise) not actually getting to smaller companies.
Raymond James Wraps Up $172M Deal
The firm completes purchase of Scout Investments and Reams Asset Management and shares its October results.
ProShares Launches ‘Decline of the Retail Store’ ETF: Portfolio Products
In other product news, Riskalyze and eMoney announced new integrations with Schwab OpenView Gateway.
New York Fed Sees a Healthy Fear in the Volatility Curve
Fed researchers say the market is “pricing in implied volatility of around 19% in one or two years’ time."
Vanguard Shareholders Vote to Restructure REIT Funds and for Other Changes
They also approved proposals that provide more flexibility to switch fund advisors.
House, Senate Tax Bills Will Not Help Economy: Moody’s
Any fiscal stimulus would be canceled out, the ratings agency says.
JPMorgan Asset Management Upgrades Eurozone Outlook
The upgrade is its first one for a major economic bloc in a decade.
Bond Investors Just Swapped Credit Risk for Duration Risk
They exchanged $1.9 billion in the two biggest junk bond ETFs for four investment grade ETFs more sensitive to a change in interest rates.
Gundlach's Stock Market Warning Comes True
Deteriorating junk bonds threaten equity-market darlings; correlation had reached its most negative level in three years.
2018 Social Security COLA to Be Wiped Out by Medicare Premium Hike
Most or all of the 2% COLA will be spent on the expected increase in Medicare premiums, according to The Senior Citizens League.