Economy & Markets
The important economic and stock market news that advisors need to know.
Outlook 2012: Fixed Income View From AXA, BondDesk, LPL & Eagle
By Janet LevauxAs the debt crisis continues to weigh on yields, analyst says investors should pick munis, corporates carefully.
December 19, 2011
Outlook 2012: Global Economy View—J.P. Morgan, LPL, S&PMarket strategists and portfolio managers from J.P. Morgan Funds, LPL Financial and S&P Capital IQ are combing through the data in a search for investment opportunities next year.
December 19, 2011
Boehner Urges House to Scuttle Payroll Tax Cut DealA bipartisan negotiated two-month extension of payroll tax cuts and extended unemployment benefits, passed by the Senate on Saturday, looks doomed to fail if House Speaker John Boehner, R-Ohio, follows through with his insistence that the House vote it down late Monday.
December 19, 2011
Why Are U.S. Bond Yields So Low?In a fascinating piece of recent economic research, two analysts at the Cleveland Fed ask why U.S. bond yields are falling when the interest rates of European sovereigns facing similar debt issues are soaring. Their answer is more disturbing than reassuring.
December 19, 2011
Europe’s Recession Will Be ‘Severe’: Gary ShillingFamous bear Gary Shilling, former chief economist at Merrill Lynch and current AdvisorOne contributor, told Bloomberg T.V.s Sara Eisen that Europe is headed for a "severe" recession.
December 19, 2011
Vanguard Switches Benchmark, Drops Fee for World FundThe fund giant moves its Total World Stock Index Fund to the FTSE Global All Cap Index
December 19, 2011
5 Best High-Yield Bond FundsThe crisis in Europe and the fact that Bill Gross is underperforming (thats underperforming) 92% of his peers means its a brave new world in the fixed income space.
December 19, 2011
Kim Jong Il’s Death Unnerves Asian MarketsAsian markets reacted to the death of Kim Jong Il of North Korea with trepidation on Monday, with both stocks and the South Korean won falling.