Economy & Markets
The important economic and stock market news that advisors need to know.
S&P 500 Heads for Grim Quarterly Milestone Last Seen in Early 2009
By Jan-Patrick BarnertThe index is headed for its third straight quarter of losses for the first time since the 2008-2009 financial crisis.
September 28, 2022
JPMorgan Model Says Recession Is a Lock as Stock Slump Wears OnThe S&P 500's rout since the Fed turned extremely hawkish now implies a 92% chance of a recession vs. 51% in August.
September 28, 2022
New Bill Would Raise I Bond Purchase CapThe Savings Security Act of 2022 would raise the annual purchase limit when inflation tops 3.5%.
September 28, 2022
Analysts Look Inside Private Equity-Owned Insurers' VaultsHere's what the NAIC found in the portfolios that support the benefits promises.
September 28, 2022
6 New Stats About Wealth in the U.S.The U.S. is home to 53% of the world's ultra-wealthy individuals and 40% of millionaires, according to new data from Credit Suisse.
September 28, 2022
Jeremy Siegel: Fed's Powell Should Apologize to Americans"I think they're talking way too tough," Wharton economist Jeremy Siegel said of the Fed.
September 27, 2022
Vanguard CIO Warns Investors Against Market TimingAnd don't count balanced portfolios out just yet, Greg Davis writes.
September 27, 2022
Housing Prices Fall for First Time Since 2012The biggest month-over-month declines in July were in San Francisco (-3.6%), Seattle (-2.5%) and San Diego (-2%).