2 ETF Plays to Ride the Euro-Coaster
As advisors, it's up to us to act when opportunity strikes. Here’s how I’m acting on the recent Swiss and European currency news.
S&P 500 Erases 2015 Loss, Bonds Rally on ECB Stimulus; Oil Drops
The S&P capped its fourth straight gain amid the ECB's stimulus news and strong bank and transportation earnings.
ECB's Draghi Commits to Trillion-Euro QE Plan to Fight Deflation
“This is a very important first step and a necessary step,” Morgan Stanley CEO James Gorman said.
Swiss Franc Move: What Does It All Mean?
The surprise decision by the Swiss National Bank demonstrates how suddenly and unexpectedly major market moves can occur.
Potential Market Crash Ahead, Axel Merk Warns
The portfolio manager argues that U.S. recovery is based on "asset price inflation," and that a Fed pullout could send everything tumbling.
Stolid Switzerland’s Different Path
Both the U.S. and Switzerland are pulling out of the post-2008 global economic slump on the wave of speculative bubbles. But while Washington is stoking its bubble, hoping for faster growth, the Swiss are working to prevent theirs from getting out of hand.
Roubini: Sequester Could Mean Another Downgrade
Perma-pessimist Nouriel Roubini says that despite efforts to downplay the effects of the coming automatic spending cuts, the impact will be significant.
Roubini: Five Economic Risks for 2013
Nouriel Roubini expects a "multi-speed recovery" with “painful deleveraging” in most developed economies, he wrote in a Project Syndicate article.
Swiss Forecast Cut; Franc Cap Remains
The Swiss National Bank has cut its growth forecast for the country’s economy, anticipating a bigger drop in consumer prices as well, and is holding firm on its cap on the franc’s growth against the euro.
New Hire Roundup: Morningstar Adds to Fund Research Team
This week in new hires, Morningstar announced six appointments for its fund analyst research team; James Machuga joined Merk Investments; and Philipp Hildebrand was named vice chairman at BlackRock.