Bill Gross: Forget Dow 20K, Here’s the Number to Watch
In his January outlook, Gross discusses "the key to interest rate levels and perhaps stock price levels in 2017."
FHA to Cut Fees, Lowering Rates for First-Time Home Buyers
The change, which Trump could reverse when he takes office, reduces annual insurance premiums by 0.25%.
Goldman Strategists Decry as ‘Fake News’ a Rotation From Bonds to Stocks
Goldman expects a minimal shift away from debt into equity because of investment restrictions and other factors.
ProShares, UBS Launch 2 Oil-Linked ETNs: Top Portfolio Products
In other product news, Thornburg launched its first liquid alternative fund.
Bob Doll’s 10 Predictions for 2017
Nuveen’s chief equity strategist expects stocks will outperform bonds but peak in the first half of the year.
Fed Officials Endorse Gradual Rate Hikes
Many Fed officials are starting to worry that they might be forced to raise interest rates faster because of inflation.
Harvard Academic Sees Debt Rout Worse Than 1994 ‘Bond Massacre’
Bond market is confronting the "perfect storm," says Paul Schmelzing, and debt investors face a multi-year period of sustained losses.
Uncertain Outlook for Muni Bonds in 2017
The municipal bond market may have a lot more to worry about than just rising interest rates next year.
The Best and Worst ETFs of 2016: Morningstar
The 'valedictorian of the ETF class of 2016' is Vanguard's VIGI, with its low cost and strong 'moat,' writes Ben Johnson of Morningstar.
31% Cut in Social Security Benefits Needed by 2031: CBO
An earlier report from the Social Security Trust Fund projected a 21% cut in benefits beginning in 2034 if the status quo remains.