Economy & Markets
The important economic and stock market news that advisors need to know.
BofA Stock Indicator Sees S&P 500 Surging 16%
By Jessica MentonThat would leave the S&P 500 trading at 4,800 by year-end, or 5,200 a year from now, Bank of America data shows.
July 07, 2023
8 Reasons to Sell Company StockClients receiving stock-based compensation need your expertise and objectivity in advising on the best way to utilize it.
July 06, 2023
Stocks Swoon After Jobs Data Dashes Hopes for Rate Cut"The selloff is driven by the idea that the economy is a freight train that can't be stopped."
July 06, 2023
JPMorgan Strategist Sees Bear Market Over, Notes Stock PicksThe S&P is cheaper than it looks, says global investment strategist Elyse Ausenbaugh.
July 06, 2023
10 High-Wage Cities Where Advisors' Salaries Go the FurthestAdvisors earn a six-figure median income in all these cities. Six-figure lifestyles are another story.
July 06, 2023
SEC to Release New Rules for $5.5T Money-Market IndustryThe regulator is set to hold a meeting July 12 to finalize the changes, which aim to prevent outflows like those of March 2020.
July 05, 2023
Chicago Pension Debt Rises to $35BThe city's four retirement funds range from about 19% to 40% funded, according to a recent financial report.
July 03, 2023
Gary Shilling Warns 'Violent' Stock Drop Could Be AheadThe Fed will eventually drive investors to their "puke point" where they can't stomach another stock, Shilling says.