Economy & Markets
The important economic and stock market news that advisors need to know.
ShopperTrak Estimates Dec. 26 Storms Delay $1 Billion in Retail Spending
By Associated PressBlizzard that swept through the Northeast on Sunday and Monday delayed $1 billion in retail spending, according to research firm ShopperTrak, but won't derail a holiday shopping season expected to be the best since 2007.
December 28, 2010
Consumer Confidence Still Shaky in DecemberThe State Street Investor Confidence Index rose 8 points from 96.4 to 104.4 in December 2010, State Street Global Markets reported Tuesday.
December 28, 2010
Bill Miller, Jeremy Grantham to Stay the Course in 2011Legendary fund managers stick with allocations despite tough 2010.
December 28, 2010
AIG has Best Year Since 2003‘Troubled’ financial giant leads U.S. insurance industry in beating benchmark.
December 28, 2010
David Einhorn Warns That Fed’s Zero Rate Policy Risks 2d Financial CrisisThe man who blew the whistle on Lehman Brothers’ financial house of cards sees the position of the U.S. economy as similarly untenable if zero interest rates persist.
December 28, 2010
Outlook 2011, Global and U.S. Bonds: Europe Debt Woes May Affect U.S., Says T. Rowe Price's LevensonFixed income more attractive as rates lift; global and local risk and reward.
December 28, 2010
European Central Bank Can’t Offset Euro Bond BuysThe European Central Bank (ECB) failed Tuesday to attract sufficient funds to offset its spate of bond buying, coming up 13.5 billion euros ($17.76…
December 27, 2010
The Great Deleveraging: How to Advise Clients in a Period of Weak GrowthAs debt contracts, today’s deleveraging should bring several years of weak economic growth, forecasts Chip Dickson, co-founder of equity research firm Discern and former Lehman Bros. chief equity strategist.