Economy & Markets
The important economic and stock market news that advisors need to know.
RiverNorth to Soft Close Gundlach Strategic Opportunity Fund
By James J. GreenFund that combines DoubleLine fixed income and RiverNorth closed-end fund strategies to close to new investors on March 30, but RiverNorth's Brian Schmucker says RNDLX will remain open to advisors already allocating to the fund, which is closing in on $1 billion in assets.
February 21, 2012
U.S. Economy Shows Strength as Dow at 4-Year High Nears 13,000: Schwab’s AguilarU.S. economic improvement, housing market stability and strong corporate profits have contributed to the stock markets solid performance in 2012 as the Dow hits a four-year high.
February 21, 2012
FPA’s Bob Rodriguez: Window Narrowing to Avoid Fiscal DisasterThe famed money manager warned that next year would be the most crucial in the past 80 to right our fiscal path before budgetary financial pressures will explode."
February 21, 2012
Nigeria Calls for Non-U.S. World Bank HeadNigerian Finance Minister Ngozi Okonjo-Iweala praised the current World Bank leader, but said it was time to give someone from the developing world a chance.
February 21, 2012
Investors Ignore Record Small Cap RallyWhat if a major stock index jumped to an all-time high, but most investors didn't notice? An important question asked and answered by The Wall Street Journals Jonathan Cheng. Cheng notes small cap stocks, as measured by the Russell 2000 index, are experiencing just that.
February 21, 2012
Greece, Europe Agree on Bailout to Avert DefaultAfter months of wrangling and several missed deadlines by Greece, euro zone finance ministers finally reached accord on a new bailout for Athens that included additional austerity measures and cuts for private bondholders.
February 20, 2012
Major Metals Regaining LusterIn the current environment, investors are likely to continue to favor hard assets, with gold standing out as key focus, experts say.
February 20, 2012
Icelandic Economy Bounces Back From BrinkThe government's response to the 2008 default crisis has put the nation back on path of growth.