Economy & Markets
The important economic and stock market news that advisors need to know.
Gary Shilling: Recession Will Last Into 2021
By Bernice NapachBut stocks, unlike Treasurys, are trading as if it won't, according to the economist and investment advisor.
May 29, 2020
Finke, Blanchett on 4% Rule: Retirement Success Is Flexibility, Not FixationRelying on a fixed withdrawal percentage is unrealistic, Michael Finke says in a ThinkAdvisor webinar.
May 29, 2020
529 Plans Suffered in Q1 but Continue to EvolveThese plans were hit hard due not only to stock exposure but also to some riskier bond holdings, according to Morningstar.
May 29, 2020
Americans Ponder Savings Protection, Expect Further Stock Drops: Allianz LifeForty-five percent said they were willing to give up some potential gains in exchange for loss protection, the insurer found in a survey.
May 29, 2020
13 Best & Worst Broker-Dealers: Q1 Earnings, 2020As in Q1, some broker-dealer results were severely affected by the coronavirus and the need to increase loan-loss provisions.
May 29, 2020
Second Asset Manager Launches a Nontransparent ETFThe ClearBridge Focus Value ETF (CFCV) uses the ActiveShares structure.
May 28, 2020
PPP Loans Could Haunt AdvisorsTwo executives said that, while they themselves wouldn't judge, taking a PPP loan could complicate future M&A deals.
May 28, 2020
Finance CEOs Worry Markets Are Too Optimistic About EconomyJPMorgan's Dimon said "you could see a fairly rapid recovery" but cautioned that the Fed "can't prop up the stock market forever."