Economy & Markets
The important economic and stock market news that advisors need to know.
Volatility Index Calm After 35% Increase
By John SullivanThe Dow’s positive finish on Friday signaled a much more tempered day for the Chicago Board Options Exchange (CBOE) Volatility Index. The Index increased 35% on Thursday, as investors raced for defensive positions that utilize options in order to combat the 500 point selloff in the broad market.
August 05, 2011
China Must Escape ‘Dollar Trap:’ Former OfficialChina should stop buying U.S. dollars and allow the renminbi to float as quickly as possible, according to a former member of the monetary policy committee of China's central bank.
August 05, 2011
Jobless Rate Steadies but Number of Workers at Lowest Rate Since ’83The 117,000 new jobs in July continues to fall short of the increase in working-age Americans and the workforce participation rate has declined to levels last seen in the severe early-'80s recession.
August 05, 2011
Bernanke’s Forecasts Scrutinized Over AccuracyMany Americans are aware of the so-called Beige Book, a report compiled by the Fed eight times each year. But what about the Teal Book, a confidential compilation of forecasts “for Fed eyes only?”
August 05, 2011
How to Play This Challenging Market: The Signs of OpportunityWhen the selloff becomes irrational, we have reached the point of maximum opportunity: the signs advisors should look for.
August 04, 2011
U.S., Euro Stocks Crumble on Fears of New CrisisFears in Europe that contagion won't spare Italy and Spain were unassuaged by Europe's central bank on Thursday, sending stocks and bonds plunging. Meanwhile, investors' flight to safety had a perverse effect in the U.S., where the Bank of New York announced it would charge depositors to hold their money.
August 04, 2011
PIMCO’s El-Erian: World Debt Drama Just BeginningPIMCO’s Mohamed El-Erian says conflicts over how to deal with high levels of debt and political histrionics over the best ways to do so will be around for a long, long time.
August 04, 2011
5 Best & Worst Broker-Dealers: Q2 EarningsBrokerage firms in the second quarter boosted earnings growth as high as 470% and reported declines as low as 383% AdvisorOne selected a lucky 10 for scrutiny.