Economy & Markets
The important economic and stock market news that advisors need to know.
Back to the New Normal in Fixed Income
By Chris ShayneDuring the second half of September, following comments by Fed Chairman Ben Bernanke, the Treasury rally resumed, returning the markets to the new normal.
October 21, 2010
Conference Board’s LEI Shows Economy Moving Up at Snail’s PaceThe ups and downs of the U.S. economy's business cycle kept moving in a positive direction for the third month in a row, but growth remains slow, the Conference Board reported Thursday.
October 21, 2010
China Economic Growth Cools, Inflation RisesChina's economic growth in the third quarter hit 9.6%, down from 10.3% in the second quarter, and consumer prices rose 3.6% in September, according to figures released Thursday.
October 20, 2010
Beige Book: Economic Growth Continues at Slow PaceThe latest Beige Book report from the Federal Reserve states national economic activity continues to rise at a moderate pace.
October 20, 2010
PIMCO Forecasts Minimal U.S. GDP Growth for 2011The U.S. economy will disappoint investors by expanding at a rate of 1.75% over the next year, said Ramin Toloui of PIMCO.
October 19, 2010
LPL's Kleintop: Market Structure Fears Behind 'Buyers Strike'U.S. stocks are up 15% in the last three and a half months, according to Jeffrey Kleintop, chief market strategist at LPL Financial, but individual investors are doing more selling than buying.
October 19, 2010
California Investors Fight Proposition 23Investors in Valero Energy Corp., Tesoro Corp. and Occidental Petroleum, which have all spent large amounts of cash to help pass California's Proposition 23, are unhappy they are doing so.
October 19, 2010
Goldman Sachs Reports Q3 EPS of $2.98 vs. $5.25 Last YearGoldman Sachs reported third-quarter 2010 revenues of $8.9 billion and profits of $1.9 billion, with earnings per share at $2.98 versus $5.25 for third-quarter 2009.