Economy & Markets
The important economic and stock market news that advisors need to know.
Fidelity Reports Record for Its Muni Bond Underwriting
By Staff WriterThe institutional trading arm of Fidelity Investments, Fidelity Capital Markets, reported that it participated in a record number of new municipal bond issues for the first three quarters of 2010.
October 05, 2010
Japan Cuts Interest Rate, Buys Treasuries; ISM Survey FallsJapan's central bank caused a stir on Tuesday when it lowered the benchmark interest rate from the previous target of 0.1% to a new rate of 0%-0.1%.
October 05, 2010
Morningstar Reclassifying Global Equity FundsMorningstar's new system will better reflect companies' sensitivity to "economic cycles."
October 05, 2010
Millenials, Gen Xers Seek Stodgy Security, Says Guardian LifeInsurance policy buyers under the age of 40 are choosing whole life over other asset alternatives and paying off their policies early, according to Guardian Life Insurance Co. of America.
October 05, 2010
A Bond Bubble? FundQuest CIO Clift Begs to DifferThere has been much talk of there being a bond bubble, but Tim Clift, chief investment officer for FundQuest, says bluntly that there is no bubble.
October 04, 2010
Analysts Cut S&P 500 Profit OutlookFor the first time in more than a year analysts are cutting their forecasts for Standard & Poor's 500 Index earnings, jeopardizing gains from the largest September rally since World War II.
October 04, 2010
Schapiro, Kanjorski Comment on ‘Flash Crash’ ReportThe staffs of the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) released a joint report Friday which detailed their findings regarding the market events of May 6, 2010
October 04, 2010
‘Hey, Buddy, Can You Spare a Million Dollars?’Unemployment hit everyone hard - including millionaires.