Economy & Markets
The important economic and stock market news that advisors need to know.
Stocks Take Biggest Dive Since 1987 With Virus Upending Economy
By Jeremy Herron | Vildana HajricThe S&P 500 sank 12%, extending losses as Trump said the economy could fall into a recession.
March 16, 2020
SEC Extends Some Form ADV Deadlines; FINRA Cancels EventsExtensions "provide additional time so affected funds and advisers can continue meeting the expectations of their investors and clients," SEC Chairman Clayton said.
March 16, 2020
TradePMR Enhances Custodial Platform for RIAs: Portfolio ProductsAlso, Exchange Traded Concepts teams with Qraft to launch new AI-based ETF.
March 16, 2020
Stocks Resume Plunge, Unfazed by Fed Rate CutThe Fed's surprise rate cut Sunday foretells "an avalanche of horrible data in the next few weeks," an economist says.
March 16, 2020
CDC Advises Against Gatherings of 50 or MoreIt also recommended "virtual" events instead whenever feasible.
March 15, 2020
Fed Cuts Benchmark Rate to Near Zero; Stock Futures PlungeIt also pledged to buy some $700 billion in Treasury and mortgage bonds in response to fallout from the coronavirus.
March 13, 2020
Richards, Crosby, Others Discuss How to Calm Clients in the Time of CoronavirusMichael Kitces convened a webinar with several behavioral experts.
March 13, 2020
GMO's Grantham Sees a Silver Lining in Coronavirus CrisisThe legendary investor tells ThinkAdvisor how global trade, consumer behavior and the climate could ultimately benefit.