Economy & Markets
The important economic and stock market news that advisors need to know.
Vanguard Reopens, Reorganizes Money Market Funds
By Ginger SzalaThe news comes about four months after the fund giant closed its Treasury Money Market Fund to new investors.
August 24, 2020
Stocks Climb to All-Time Highs Amid Treatment HopeThe S&P 500 climbed 1% to 3,431.41, the highest level on record, which built on the largest increase in over a week.
August 24, 2020
Tax-Loss Harvesting During Market Turmoil: Who Did It, Who Didn'tBackend Benchmarking compared robo-advisors' harvesting of losses this year and found big differences among platforms.
August 24, 2020
Unlike Rivals, Wells Fargo Is Starting Job Cuts: ReportThe bank plans to shrink its headcount via "attrition, the elimination of open roles and job displacements," a spokesperson told Bloomberg.
August 24, 2020
In an Uneven Recovery, Advisors Should Mind These 3 Key Market FactorsWhile there is much uncertainty in both the country and the world right now, the numbers seem encouraging.
August 20, 2020
GMO's Montier Doesn't Buy This Stock RallyPopular explanations for the apparent market recovery don't add up, he says.
August 20, 2020
Millennial, Gen Z Risk Tolerance Soared Since Pandemic Started: E-TradeThe company takes a look at trading trends of younger investors during the COVID-19 crisis.
August 20, 2020
Interest Rate Assumption Changes Could Be the New MonsterSo far, COVID-19 mortality and pandemic-related defaults haven't been as scary as analysts had feared.