Economy & Markets
The important economic and stock market news that advisors need to know.
House GOP, Democrats Spar Over Cost of Dodd-Frank
By Melanie WaddellRepublican and Democratic members of the House Financial Services Subcommittee on Oversight and Investigations sparred Wednesday over the costs of implementing the Dodd-Frank Act.
March 30, 2011
Japan Crisis and Financial Market Implications: Rogerscasey ReportExpect continuing near-term uncertainty leading to increased volatility for both Japan and the globein the aftermath of the 9.0 earthquake, subsequent tsunami and nuclear crisis that that have wreaked havoc in that country, a paper released Tuesday by Rogerscasey says.
March 30, 2011
Greek Woes Grow With New Downgrade; Ireland Expected to FollowTuesday was a day of discouraging news for Greece, which, along with Portugal, was hit by a Standard & Poor’s downgrade.
March 30, 2011
British Parliament Calls for Investigation of AuditorsOn Wednesday, a parliamentary report from Britain called for an investigation by the nation’s competition authorities to learn why the “Big Four” auditing firms did not warn supervisors regarding banks before the financial crisis hit.
March 29, 2011
Advisor ethics: Dating, emotions and the truth about price objectionHow often have you tried to convince a price-objecting client that actually, the value of the product or solution is quite high. I don't know about you, but in my experience, it has rarely worked.
March 29, 2011
Home Prices Continue to Decline, According to Case/Shiller HPIPrices fell from December to January in all but one of the 20 cities tracked by the Standard & Poor's/Case-Shiller home price index.
March 29, 2011
Conference Board Reports Steep Drop in Consumer ConfidenceRising prices for food, gas suspected as main causes of March confidence decline, which was steeper than economists expected.
March 29, 2011
Standard & Poor’s Stovall: S&P 500 Index Will Reach 1,400 Target Over 12 MonthsIf previous bull-market cycles are a sign of what’s to come, the S&P 500 Index will reach a 12-month target of 1,400, says S&P Chief Investment Strategist Sam Stovall.