Economy & Markets
The important economic and stock market news that advisors need to know.
PIMCO’s El-Erian on Debt Deal: Short-Term Gain, Long-Term Disdain
By John SullivanThe CEO of PIMCO said Sunday that the potential agreement ‘does nothing to restore household and corporate confidence.’
July 31, 2011
ETF Inflows on Pace to Top $100 Billion in '11U.S. stock, bond and global funds picked up more than $50 billion in the first half of 2011.
July 31, 2011
Three Obstacles to a Summer RallyThanks to a multitude of factors, it's prudent to play the market from trading range to trading range -- and not be shy of locking in profits.
July 29, 2011
Three new developments on the annuity rider frontThe buzz in the annuity world is about optional features that guarantee a lifetime income stream: living benefit riders.
July 29, 2011
S&P’s Sam Stovall: Gridlock in Congress Harms, Not Helps, StocksWhile many people believe that gridlock is good for the stock market, reasoning that Washington would then not get in the way of capitalism, history shows that the opposite is true, says Stovall in a U.S. sector watch for S&P’s Equity Research unit.
July 29, 2011
Debt Crisis Spooks Investors: SurveyInvestors are keeping an eye on the debt ceiling fight in Washington, and they don’t like what they see, according to a poll from UBS Wealth Management Americas, which also indicates that investor sentiment has reversed in recent days.
July 29, 2011
Spain Faces Further Ratings Cut, Moody's WarnsMoody's warned Friday that it might further reduce Spain's rating, currently at Aa2, citing the country's regional governments' inability to get their debt loads under control.
July 29, 2011
GDP Growth in Q2 Is Feeble 1.3%The economy grew 1.3% in the second quarter, according to Commerce Department figures released Friday. The pace was below private-sector expectations of 1.8% growth. Compounding the disappointing numbers, first quarter GDP growth was revised sharply from 1.9% to 0.4%.