Economy & Markets
The important economic and stock market news that advisors need to know.
Vanguard Funds Leak $3B in Rare Month of Net Outflows
By Dinah Wisenberg Brin"Tumbling equity markets and declining bond prices made some investors head for the exits," Morningstar said.
October 19, 2022
Bill Gross Bashes 'Total Return' Bond Funds He PopularizedThey've clung to their benchmarks too closely, essentially becoming "quasi" index-tracking strategies, according to Gross.
October 18, 2022
BofA Survey 'Screams' Capitulation With Rally Set for 2023Fund managers expect stocks to bottom in the first half of 2023 after the Fed finally pivots away from raising interest rates.
October 18, 2022
Even Millionaires Worry About Being Able to Retire Comfortably: NatixisThirty-five percent of millionaires in a new survey say "it will take a miracle" to achieve a secure retirement.
October 18, 2022
IRS Announces Tax Inflation Adjustments for 2023The agency has adjusted thresholds for tax brackets, the AMT, the estate tax and other provisions.
October 18, 2022
Tax Breaks for Kids, Companies Are Suddenly Brewing in CongressRepublicans want $45 billion in business-related tax breaks; Democrats prefer a full extension of last year's $100 billion child-tax benefit.
October 18, 2022
12 Metros Where the Social Security COLA Will Help the MostThe Social Security inflation adjustment is the same across the U.S. Actual local inflation rates are different.
October 18, 2022
El-Erian: It's Getting Harder to Justify Independent FedThe economist points to four "big operational errors" in its recent performance and a lack of accountability.