Economy & Markets
The important economic and stock market news that advisors need to know.
Wealth Tax Bill Gets Hearing in California
By John ManganaroThe bill would tax residents' "worldwide net worth" of $50 million or more, with some exceptions.
January 09, 2024
Bill Gross Casts Shade on Treasurys, Sees 10-Year 'Overvalued' at 4%The Bond King also said shorter-end notes would make more sense for those interested in the market.
January 08, 2024
Jeremy Siegel: 10% Stock Gain Possible in 2024The market could rise overall with little upside for Treasurys, the economist said on the WisdomTree blog.
January 08, 2024
BlackRock Says Last Year's Risk Rally Has Legs 'Well Into 2024'BofA, Goldman Sachs and other firms also expect the S&P 500 to soar to record highs this year.
January 08, 2024
Bob Doll: Stock Prices Suggest Good News Baked InInvestors appear to be having second thoughts on how many rate cuts to expect, the market forecaster said.
January 08, 2024
Blackstone's First PE Fund for Rich Individuals Gets $1.3BThe move challenges conventional wisdom that advisors and investors should seek out only stocks, bonds and index funds.
January 08, 2024
Stock Rally Over Without Growth Boost: Morgan Stanley's WilsonExpect "twists and turns" in the market in 2024, the equity strategist says.
January 05, 2024
Holiday Hangover Grips Stocks & Bonds in Worst Start Since 2003The S&P 500 fell for the first time in 10 weeks, snapping the longest streak of gains in almost 20 years.