Economy & Markets
The important economic and stock market news that advisors need to know.
U.S. Credit Rating Downgraded From AAA by Fitch
By Benjamin PurvisThe ratings group had warned that it might trim the nation's credit grade in May, when lawmakers fought over raising the nation's borrowing limit.
July 31, 2023
Schwab Launches 3 Bond Ladder StrategiesThe bond ladders include six-month, 12-month and 24-month investments that can be held in SMAs.
July 31, 2023
Stocks Set for New Highs: Jeremy Siegel"What's to stop this market now?" the Wharton professor asks during a CNBC interview.
July 28, 2023
Gary Shilling: Investor Exuberance Is 'Irrational'Economic downshifts and declining corporate sales and profits will reverse that exuberance, the economist predicted.
July 28, 2023
Most Pro Investors See Low Risk of Recession in 2023: SurveyRespondents remain cautious, however, as most expressed concern that inflation may hang on longer than expected.
July 28, 2023
3 Misconceptions About 60/40 Portfolios: VanguardTwo of the misconceptions about 60/40 portfolios deal with execution, while the other is fundamental.
July 28, 2023
15 Most Expensive Cities for First-Time HomebuyersBuyers need a six-figure income to afford a starter house in all but one of these metro areas.
July 28, 2023
Cheap Stocks Are Safer Now: JPMorgan's KellyA market correction could knock the air out of mega-cap tech stocks, the strategist says.