Economy & Markets
The important economic and stock market news that advisors need to know.
A Bond Bubble? FundQuest CIO Clift Begs to Differ
By James J. GreenThere 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
‘Hey, Buddy, Can You Spare a Million Dollars?’Unemployment hit everyone hard - including millionaires.
October 04, 2010
Americans Not Spending, Don’t Plan To: Harris PollResults of a Harris Poll released Monday showed that, regardless of any positive indicators in the rest of the economy, Americans weren't buying it.
October 04, 2010
PIMCO’s El-Erian Says to Resist China BashingPIMCO CEO and co-CIO Mohamed El-Erian says the United States needs to tread carefully in its economic dealings with China in order to not upset that country's growth.
October 04, 2010
Q4 Outlook: LPL Strategist Says First Week of November Is CrucialAs the U.S. economy drifts around in a seemingly endless holding pattern, market watchers are closely looking for any signs of growth in the fourth quarter.
October 04, 2010
Pending Home Sales Up; Factory Orders DownFigures released Monday by the National Association of Realtors and the U.S. Census Bureau showed that, while there appears to be light at the end of the tunnel, it's more like a candle than a torch.
October 04, 2010
Congress Departs, Housing and Jobs Arrive: AdvisorOne Briefing for the Week of Oct. 4, 2010The market-moving news for this week will come from reports on housing early and jobs later, while the Congress adjourns to take care of the business of getting re-elected. At week's end, the Financial Planning Association gathers in Denver for its annual meeting.
October 03, 2010
Goldman Rewarded London Staff With Shares After Pay CapsGoldman Sachs has presented its top London employees with millions of pounds of free shares after their pay was to be capped, according to Reuters on Saturday, which cited a report by Britain's Sky Television.