Economy & Markets
The important economic and stock market news that advisors need to know.
Will S&P Resistance at 1,420 Hold?
By Chad KarnesIt's worth noting that 1,410 and 1,420 are previous highs from both April and May, and they are also the highest price since early 2008, last occurring before the worst part of 2008s sell-off.
August 31, 2012
Why world markets focus on tiny Jackson Hole, Wyo.The Federal Reserve Bank of Kansas City first lured the biggest names in economics and finance to its conference with fly-fishing.
August 31, 2012
GOP Exits Tampa, Trailed by Perception They’re Party of the Wealthy, Poll FindsAs Republicans head home from Tampa after naming Mitt Romney and Paul Ryan to head their ticket in the November election, they face a widespread perception that the GOP is the party of the rich, according to a Pew Research Center survey.
August 31, 2012
Industrial Output Falls in JapanThe Nikkei took a hit on pessimism over potential Q3 contraction in Japan. Even the possibility of a deal to revive Sharp and the planned IPO of Japan Airlines were not enough to make investors optimistic.
August 31, 2012
Bundesbank Head Said to Have Threatened Resignation Over BondsJens Weidmann, president of Germanys Bundesbank, reportedly threatened to resign over the issue of bond purchases by the ECB, according to a German tabloid.
August 31, 2012
Inflation, Unemployment Both Rise in EurozoneInflation in the eurozone rose higher than expected, lessening the likelihood that the ECB would cut interest rates on Thursday. Unemployment also rose, setting a record for the currency bloc.
August 30, 2012
12 Key Investment Tips for September From Morgan StanleyMSSBs global investment group shares its asset-allocation strategy for equities, bonds and alternatives for the early fall of 2012.
August 30, 2012
Housing Bulls Living in ‘Fantasyland,’ Economist SaysDont believe the hype. Thats the message Anthony Randazzo of the Reason Foundation delivered Thursday about the housing market.