Economy & Markets
The important economic and stock market news that advisors need to know.
S&P 500 to Lose 3.3% by End of March, Says Birinyi Associates
By John SullivanFirm was first to tell clients to buy in March 2009.
March 16, 2011
Japan Stocks Rebound; European Markets Feel Portugal Rating CutThe Nikkei recovered some lost territory on Wednesday as markets in Europe felt the pain of local problems amidst the turmoil over Japan’s tragedy.
March 15, 2011
Japan Stocks Rebound; Central Bank Adds Further $43 BillionJapanese shares rebounded sharply on Wednesday, recovering some of the massive losses sustained the last two days following a devastating earthquake and tsunami.
March 15, 2011
Fed Says Economic Recovery on Firmer FootingThe Federal Reserve offered its most optimistic view of the U.S. economy since the recession ended, even as Japan's nuclear crisis stoked new worries around the globe.
March 15, 2011
Jeff Gundlach Introduces DoubleLine Multi-Asset Growth FundDoubleLine CEO and CIO Jeff Gundlach introduced the firm’s newest fund, the Multi-Asset Growth Fund (DMLIX), in a webcast on Tuesday.
March 15, 2011
Bill Gross Launches Alternative PIMCO Total Return FundPIMCO bond guru Bill Gross has made headlines once again, this time by launching a new version of his Total Return Fund that eschews risky high-yield strategies.
March 15, 2011
Japanese Market Fears Appear OverdoneFactoring in Tuesday's 10.5% plunge in Japanese equities, it appears as though the market may be overreacting to the events in that country.
March 15, 2011
Irish Unemployment Tops 14%, Hits 17-Year HighUnemployment in Ireland has topped 14% for the first time since 1994, highlighting the dire financial challenges facing the new government of Prime Minister Enda Kenny.