Economy & Markets
The important economic and stock market news that advisors need to know.
3 Midyear Portfolio Strategies for Waiting on a Recession
By Dinah Wisenberg Brin"The range of potential market outcomes has never been wider," State Street's strategy team writes.
June 13, 2023
Here's How Much It Takes to Be Wealthy vs. Feel Wealthy: SchwabNearly half of Americans say they feel wealthy, according to a new survey.
June 13, 2023
15 Largest U.S. Banks by AssetsAssets at the four biggest banks grew nearly $500 billion in three months, according to S&P Global.
June 13, 2023
Have Big Social Security COLAs Sparked a Retirement Spending Spree?Older Americans' spending is growing faster than younger Americans', but Social Security is only part of the story.
June 13, 2023
Social Security COLA Estimated at 2.7% for 2024 as Inflation CoolsThe estimated benefit increase reflects price growth of 0.1% in May and 4% from a year ago.
June 12, 2023
Jeremy Siegel: Stock Rally 'No Guarantee' Bear Market Is OverIt is common for markets to hit new lows after a 20% bounce, the economist says.
June 12, 2023
AI Hype Starting to 'Smell Like Dot-Com Era': Investment VeteranNvidia, for instance, is up nearly 30% since late May and more than 160% this year — helping the Nasdaq add a third to its value.
June 12, 2023
Real Bull Market or Just a Bear Rally? Depends Whom You AskIt's a maybe, says Stephanie Link, chief investment strategist at Hightower Advisors.