Economy & Markets
The important economic and stock market news that advisors need to know.
Jeremy Grantham: Not as Much Stock Doom With GDP Gloom
By John SullivanIn his quarterly letter, GMOs chief market pessimist Jeremy Grantham reviews new data related to likely lower GDP growthand presents a positive outlook.
February 07, 2013
Senate Finance Sets Feb. 13 Hearing on Lew Nomination for TreasuryJacob "Jack" Lew is sure to face a tough grilling from lawmakers, as President Barack Obamas recent swath of nominations have been challenged by the courts.
February 06, 2013
ETF Addicts to Get Fill at Year’s Biggest EventThe worlds largest gathering of advisors, investors and service providers focused on exchange-traded products opens Sunday in sunny Florida where the temperatures should be about 80 degrees but where discussions of hot relate strictly to investments.
February 06, 2013
Is the Dow Hazardous to Your Health?Its not a figurative question, as new research indicates that poorly performing markets result in an increase in health risks, homicides and suicides.
February 06, 2013
BRIC Inventor O’Neill Checks Out Early From Goldman SachsO'Neill, who coined the term 'BRIC' to describe the emerging-markets juggernaut of Brazil, Russia, India and China, surprised the asset management world with his early retirement.
February 06, 2013
Obama Presses for Delay, but Sequestration Cuts ImminentPresident Barack Obama urged Congress Tuesday to delay the looming sequestration cuts by passing a package of both spending cuts and tax hikes, but reports said Wednesday that Obamas plan was DOA in the House.
February 06, 2013
Roubini, Legendary Pessimist, Is ‘Optimistic’ on StocksThe noted New York University economist told CNBC on Tuesday that the "easy money" policy of the Fed will continue for "as far as the eye can see" and that's going to continue to be good for the U.S. stock market.
February 05, 2013
January Fund Flows Show Exuberant Investors: Strategic Insight, TrimTabsAn all-time record $77.4 billion flowed into U.S.-listed equity mutual funds and ETFs in January, according to TrimTabs Investment Research. Also in January, net inflows to bond funds are estimated to exceed $40 billion, says Strategic Insight.