Economy & Markets
The important economic and stock market news that advisors need to know.
PIMCO Hit With $9M SEC Fine
By Melanie WaddellIn one of two enforcement actions, PIMCO failed to waive $27 million of advisory fees as it had agreed.
June 15, 2023
Stock Rally Is Deepening Beyond AI-Fueled CrazeMarket breadth has improved, with multiple sectors showing stronger relative strength, says Janney Montgomery's Dan Wantrobski.
June 15, 2023
Gundlach: Stocks or Bonds? The Choice Right Now Is ClearFixed income investors can gain yields, enjoy upside potential and manage risk "very precisely," Gundlach said.
June 15, 2023
Social Security Benefits Targeted for Cuts by House ConservativesThe proposal by the 176-member House Republican Study Committee would gradually increase the retirement age.
June 14, 2023
S&P 500 Should End Year at 3,900: Morgan Stanley's WilsonThe bank's top U.S. equity strategist is warning that a profit recession is still underway and implies a nearly 11% drop in the index. .
June 14, 2023
Powell Says Nearly All Officials Expect 'Some' Further Fed HikesThe forecasts imply officials expect two additional quarter-point rate hikes or one half-point increase before the end of the year.
June 14, 2023
Why the Bull Market Rally Won't Last: BNY Mellon StrategistBNY Mellon Investment Management's Jake Jolly said a recession could cause the S&P 500 to test its October lows.
June 13, 2023
SEC to Weigh New AI Rules for BrokeragesA plan to rein in conflicts of interest associated with the use of artificial intelligence could be introduced as soon as October.