Economy & Markets
The important economic and stock market news that advisors need to know.
Retail Sales Rose 1% in February; Business Inventories Also Up
By Martin CrustsingerShoppers pushed retail sales up for the eighth straight month in February, and businesses added to their stockpiles in January for a 13th consecutive month.
March 11, 2011
Devastating Japanese Quake Rattles Markets Across GlobeIn the wake of a powerful 8.9 magnitude earthquake and tsunami that hit Japan on Friday just prior to the close of stock trading, stocks fell along with oil prices, and bond futures rose.
March 10, 2011
Senate to Vote on Repealing 1099 Reporting ProvisionThe 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
PIMCO's Gross Eliminates Treasuries ExposureDon't believe everything you hear, especially if what you've heard is that PIMCO's Bill Gross has wiped the PIMCO Total Return Bond Fund of Treasuries.
March 10, 2011
Economic Forecasters, the Bulls: Fisher, Altfest, Mobius & 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 optimists and pessimists. Last week we let the Bears run wild, this week the Bulls get their turn.
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.