Economy & Markets
The important economic and stock market news that advisors need to know.
Muni Bonds Fall for 13th Straight Week
By Danielle AndrusMuni bond outflows reached $1.2 billion in the week ending Feb. 9, compared with $1.1 billion in the prior period. Net outflows since mid-November are at $21.67 billion.
February 14, 2011
China Passes Japan to Become 2nd Largest EconomyJapan confirmed Monday that China's economy surpassed its own as the world's second largest in 2010 and said a late-year downturn was its first quarterly contraction in more than a year.
February 14, 2011
Egypt Protest Spreads to Banks, State OfficesProtests haven’t stopped, instead changing their focus on Sunday to state-run offices.
February 14, 2011
Morningstar Adds Individual Bond Data to Advisor PlatformsCompany says it is responding to advisor demand for price and performance data on individual bonds and to get a more holistic view of client portfolios.
February 11, 2011
The Municipal Bond Trade, Part II: Is Now the Right Time to Buy?The fundamentals are certainly interesting, and buying opportunities certainly exist in some types of munis, says Ben Warwick of QES and Aspen Partners.
February 11, 2011
Mets Debt Hit by Moody’s Over Madoff SuitAlready reeling from a lawsuit from the Madoff trustee seeking to recover as much as $1 billion, the New York Mets have now been hit on Friday with a downgrade by Moody’s Investors Service on the team’s stadium debt.
February 11, 2011
Portfolio Fix: Adding Global Bond Funds for DiversificationThree global-bond funds stood out from the rest as being worthy of further consideration.
February 11, 2011
Egypt Turmoil Not a Factor in Rising Oil Prices, Says Peter SchiffDespite a heavy allocation to energy, Peter Schiff, CEO and Chief Global Strategist of Euro Pacific Capital, isn’t worried about the tense situation in Egypt.