Economy & Markets
The important economic and stock market news that advisors need to know.
Schwab’s Top Picks and Tips for Sector ETFs
By Joyce HansonSchwab is overweight in the information technology sector but moved this week into a more defensive position on several others.
June 15, 2012
Third of young investors say they will ‘never feel comfortable’ buying stocks (AdvisorOne)Some young investors find stocks overwhelming, complex and intimidating.
June 14, 2012
For Retirement, Is 67 the New 65?Life expectancy at birth is expected to rise by more than seven years in developed economies over the next 50 years, the OECD says.
June 14, 2012
Americans Still Blame Bush for Bad EconomyA new Gallup poll shows Americans still blame George W. Bush for the nations ailing economy more than President Obama. Meanwhile, conservative and liberal economists debate.
June 14, 2012
Spain, Cyprus DowngradedMoody's cut the ratings of Spain and Cyprus on Wednesday. Bond yields topped 7% for Spain, and in Italys first bond sale since Spains bailout yields surged.
June 13, 2012
Third of Young Investors Say They Will ‘Never Feel Comfortable’ Buying StocksInvestors are overwhelmed and intimidated by the complexity of investment products, as well as the sheer number of choices available to them, the MFS Sentiment Survey found.
June 13, 2012
JPMorgan’s Dimon to Senators: $2 Billion Loss ‘Isolated Event’In hindsight, JPMorgan Chase CEO Jamie Dimon told the Senate Banking Committee on Wednesday, traders did not have the requisite understanding of the risks they took.
June 13, 2012
Southern Eurozone’s Woes Simmer OnDespite a weekend bailout for Spains banking sector that was meant to reassure investors, markets continued to punish the southern eurozone.