Economy & Markets
The important economic and stock market news that advisors need to know.
Cathie Wood's Ark Shutters Transparency ETF in First Closure
By Claire BallentineThe fund gained only $12 million in assets since inception, a fraction of the $9 billion in Wood's flagship fund.
July 20, 2022
No, Mr. Manchin, Taxes Don't Cause InflationOn the contrary, higher taxes can help get prices under control.
July 19, 2022
BofA Survey Shows Full Investor Capitulation Amid PessimismInvestor allocation to stocks plunged to levels last seen in October 2008 while exposure to cash surged to the highest since 2001.
July 18, 2022
Social Media Posts Make Millennials, Gen Z Feel Broke: SurveyYounger users feel more social media-induced negativity over finances than any other aspect of life, Bankrate found.
July 18, 2022
Morgan Stanley, Goldman Say Stocks Have Yet to Find a BottomAlso, JPMorgan strategists say that markets could experience more challenging earnings-related news over the summer.
July 15, 2022
Financial Resilience Grew Last Year Despite COVID-19: StudyPandemic-related enhanced unemployment benefits and stimulus payments may account for some of the improvement, FINRA said.
July 14, 2022
33 Undervalued Stocks for Q3: MorningstarAs much of the stock market has gone on sale, Morningstar provides a shopping list.
July 14, 2022
Wall Street Chiefs Stare Down Recession Fear With Upbeat OutlookJPMorgan CEO Jamie Dimon and Morgan Stanley CEO James Gorman are bullish despite their firms reporting second-quarter results that missed expectations.