Economy & Markets
The important economic and stock market news that advisors need to know.
Neil Hennessy Sees Market Growth of 8% to 12% This Year
By James J. GreenNeil Hennessy expounds on the markets, consumer behavior, Washington politics and the Hennessy Funds' approach to stock picking.
February 15, 2011
GLWBs: The advisor conundrum, part 2With boomers poised to leave the workforce en masse, financial services companies have inundated the market with income riders for annuities.
February 15, 2011
GLWBs: The advisor conundrum, part 2With boomers poised to leave the workforce en masse, financial services companies have inundated the market with income riders for annuities.
February 15, 2011
Confidence in Equities Reaches 10-Year HighBofA Merrill survey finds optimism on the part of money managers.
February 15, 2011
UBS Report: ‘The Decade Ahead’This thought-provoking report provides a global view of coming investment opportunities and challenges.
February 15, 2011
GOP Blasts Obama’s 2012 Budget in House HearingPresident Barack Obama's $3.7 trillion budget for 2012 was quickly dismissed Tuesday by House Republicans for taking a pass on tackling historically huge federal deficits.
February 15, 2011
Retail Sales Move Higher; Housing Survey Still DownbeatAmerican businesses and consumers are giving the economy a boost by spending more, but the troubled housing market remains an obstacle, new data show.
February 15, 2011
FBR Initiates Coverage on Fifth Street Finance (FSC)The firm initiated coverage with an “outperform” rating and a $14.50 price target.