Economy & Markets
The important economic and stock market news that advisors need to know.
Anthem's Parent Says U.S. Employers Still Look Strong
By Allison BellA strong job market could help the Fed move ahead with efforts to increase interest rates.
July 20, 2022
Cathie Wood's Ark Shutters Transparency ETF in First ClosureThe fund gained only $12 million in assets since inception, a fraction of the $9 billion in Wood's flagship fund.
July 20, 2022
How BlackRock Lost $1.7T of Clients' MoneyThis year ranks "as the worst start in 50 years for both stocks and bonds," said Chairman and Chief CEO Larry Fink.
July 20, 2022
'Full Capitulation' Could Mean Opportunity KnockingIt's hard to be positive about the current outlook, but news about optimistic earnings forecasts might go a long way.
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.