Economy & Markets
The important economic and stock market news that advisors need to know.
Senate to Vote on Repealing 1099 Reporting Provision
By Arthur D. PostalThe Senate appears poised to support the House version of legislation repealing the much-criticized 1099 reporting provision through a vote likely to occur next week.
March 10, 2011
Economic Forecasters, the Bulls: Fisher XXXXXX & More—a Slide ShowIt's the Bears vs. the Bulls, but this playing field is economic prognostication. AdvisorOne presents a slide show of some of the noted economic pessimists and optimists. Last time we let the Bears run wild, this week the Bulls get their turn.
March 10, 2011
RiverNorth-Jeffrey Gundlach Fund Attracts Nearly $50 Million in AssetsPatrick Galley, CIO of RiverNorth, says that the unique income mutual fund combines closed-end funds and core bonds, leavened with DoubleLine’s mortgage-backed expertise.
March 09, 2011
EIA Oil Report Surprises With Higher Reserves; Prices EaseThe weekly Energy Information Administration report issued Wednesday revealed that reserves in oil inventories were considerably higher than expected for the week ending March 4.
March 09, 2011
China Cuts Portugal’s Credit RatingChina was once reported to be ready to purchase a substantial amount of sovereign debt from Portugal, but may now be rethinking that option, as its domestic credit rating agency, Dagong Global Credit Rating, cut Lisbon’s sovereign rating on Wednesday.
March 09, 2011
Zions, BondDesk Join to Help Retail Investors Compare Bond YieldsBondDesk CFA Chris Shayne says his firm's latest collaboration with Zions Direct lets retail investors see how yields on Zions-auctioned bonds compare to the broader market.
March 08, 2011
As Markets Crawl Out of 2-Year Pit, What's Next? Fisher, Sonders & Others Respond—a Slide ShowTwo years after the S&P 500 fell to what proved to be the nadir in the markets of this financial crisis, the critical question is where are the markets now, where are they going and what should advisors and their clients take away from the crisis?
March 08, 2011
Senator Shelby Not Swayed by Fed Nominee's Nobel PrizeSen. Richard Shelby, the highest-ranking Republican on the Senate Banking Committee, said he plans to oppose the Massachusetts Institute of Technology professor's nomination to the Fed for a third time.