Economy & Markets
The important economic and stock market news that advisors need to know.
Eurozone Data Drive Markets Down
By Marlene Y. SatterFor the second day in a row European stock prices retreated as economic data showed unexpected weakness for February, with services and manufacturing output falling.
February 22, 2012
RiverNorth to Soft Close Gundlach Strategic Opportunity FundFund that combines DoubleLine fixed income and RiverNorth closed-end fund strategies to close to new investors on March 30, but RiverNorth's Brian Schmucker says RNDLX will remain open to advisors already allocating to the fund, which is closing in on $1 billion in assets.
February 22, 2012
Under PressureThe anemic economic recovery has been in the forefront of the news for several years now.
February 21, 2012
On Call, Gundlach Voices Concerns on Consumer, Government DebtNoted manager worries about personal income and jobs when stimulus ends; points out disagreement among Fed governors on rate hikes.
February 21, 2012
U.S. Economy Shows Strength as Dow at 4-Year High Nears 13,000: Schwab’s AguilarU.S. economic improvement, housing market stability and strong corporate profits have contributed to the stock markets solid performance in 2012 as the Dow hits a four-year high.
February 21, 2012
FPA’s Bob Rodriguez: Window Narrowing to Avoid Fiscal DisasterThe famed money manager warned that next year would be the most crucial in the past 80 to right our fiscal path before budgetary financial pressures will explode."
February 21, 2012
Nigeria Calls for Non-U.S. World Bank HeadNigerian Finance Minister Ngozi Okonjo-Iweala praised the current World Bank leader, but said it was time to give someone from the developing world a chance.
February 21, 2012
Investors Ignore Record Small Cap RallyWhat if a major stock index jumped to an all-time high, but most investors didn't notice? An important question asked and answered by The Wall Street Journals Jonathan Cheng. Cheng notes small cap stocks, as measured by the Russell 2000 index, are experiencing just that.