Economy & Markets
The important economic and stock market news that advisors need to know.
Fed Rate Hike Is Most Important Thing Ever. Oh, Wait.
By Barry RitholtzThe Fed's liftoff day is here, and I find almost all of the commentary on the subject to be overwrought speculation and blather, Barry Ritholtz says.
December 15, 2015
Stocks Rally Ahead of Fed Rate AnnouncementU.S. stocks rallied and global equities halted a six-day losing streak as selloffs in credit markets and crude abated.
December 15, 2015
Bill Gross: Buy Junk Bonds, Cheapest in 5 Years Versus StocksThe junk selloff has made this a perfect time to take advantage of an illiquidity discount for the securities, according to Bill Gross.
December 14, 2015
Massachusetts Probes Third Avenue Junk Bond Fund FreezeInvestors "do not expect to be cut off from trading in an open-end investment company registered under the 40 Act," Secretary William Galvin said.
December 14, 2015
Investors See Third Avenue Fueling More Bond Market CarnageTop bond managers are predicting more fallout amid a market rout that forced at least three credit funds in the past week to wind down.
December 14, 2015
9 Lessons From Third Avenue FreezeThe junk bond fund's withdrawal restriction raises questions about its investment strategy as well as market liquidity more generally, Mohamed El-Erian of Allianz writes.
December 11, 2015
Are Precious Metals Still ‘Precious’?Here's why precious metals should not be used as "safe money" in a client's portfolio, according to Ron DeLegge.
December 11, 2015
Consumer Credit Card Debt Near ‘Unsustainable’ Levels: CardHubConsumers paid off almost $35 billion of credit card debt in Q1, then racked up another $53.3 billion over the next two quarters, CardHub reported.