Economy & Markets
The important economic and stock market news that advisors need to know.
S&P’s Stovall Predicts Weak Q2 for Stock Earnings
By Joyce HansonS&P chief investment strategist Sam Stovall predicts that second-quarter stock earnings will show a weak performance across all U.S. sectors.
June 27, 2011
Russia Is the Next Greece: World Bank EconomistBig infrastructure projects, including hosting the 2014 Winter Olympics in Sochi and 2018 World Cup, will create an additional burden for the budget, according to World Bank economist Sergei Ulatov.
June 27, 2011
PIMCO’s El-Erian: Europe at Risk Over Greek DebtMohamed El-Erian, head of PIMCO, says that a restructuring of Greek debt is inevitable and that failure to address the country's problems correctly could contaminate the rest of Europe.
June 27, 2011
Wall Street Optimism: S&P 500 Sales Forecast Doubles Amid Stagnant MarginsDespite a slew of negative economic reports in recent weeks, analysts are increasing sales forecasts for Standard & Poor’s 500 Index companies. Bloomberg reports the increase could be most in three years.
June 27, 2011
Soros: EU Unprepared for a Country’s ‘Inevitable’ DepartureAccording to billionaire financier George Soros, it is "probably inevitable" that a country will end up leaving the euro zone. When that happens, he said Sunday, policymakers had best have a Plan B in the works to avoid economic collapse in the European Union.
June 27, 2011
Succession Planning: BD vs. RIA; What Really Moves Markets: July Investment Advisor—SlideshowJuly brings our succession planning issue.
June 24, 2011
EBRI Researcher Analyzes Annuity Price Change EffectsA change in deferred annuity prices will have a similar effect on the likelihood that a high-income or low-income male worker will achieve an adequate retirement income, according to Youngkyun Park.
June 24, 2011
Bill for Covered Bond Market in U.S. Wins House Panel’s Bipartisan SupportA covered-bond bill that could introduce a significant funding for U.S. mortgages, based on a European model, won bipartisan approval from a House panel.