Economy & Markets
The important economic and stock market news that advisors need to know.
US consumer prices up 0.5 percent in June on gas hike
By staff WriterThe gas price hike kept the Feds stimulus engine red-lining.
July 12, 2013
IMF Issues Tepid Forecast, Hints It Does Not Like U.S. TaperingThe IMF has lowered its forecast for world economic growth in a generally glum report that says downside risks dominate growth prospects. The IMF forecasts 5% growth in 2013 and 5.5% next year for the broad sector, but lowering its April forecast for growth in Chinadown a quarter and half...
July 12, 2013
U.S. Remains Engine of Global Growth: CerulliCerulli found global assets under management are set to cross $70.4 trillion by the end of 2013, a full $20 trillion higher than the industry's low point in 2008.
July 12, 2013
June Long-Term Fund Outflows Worst Since 2008: MorningstarLong-term funds shed $47.3 billion, the largest monthly outflow since October 2008.
July 12, 2013
Top Portfolio Products: Decker & Co. Launches With Focus on Southeast AsiaNew products introduced over the last week include a suite of large-cap equity funds from Nuveen and four new corporate term bond ETFs from BlackRock.
July 11, 2013
Gold’s Decline Is International ConcernAll that glitters isnt paying off as it did only a couple of years ago.
July 11, 2013
Equity Funds (Barely) Stay in Black as Bond Funds Plummet in Q2: LipperWhile commodities specialty funds had a stellar second quarter, precious metals fell more than 35%, according to the research group.
July 11, 2013
Raymond James’ Saut: We’re Smack-Dab in the Middle of a Bull MarketChief market strategist Jeff Saut tells Raymond James & Associates advisors that energy, onshoring and financials will benefit markets, the economy and even government revenues.