Economy & Markets
The important economic and stock market news that advisors need to know.
Wall Street Rally Wipes Away Year of Losses
By Denitsa Tsekova & Isabelle Lee"So long as U.S. recession keeps being pushed back, we think equities can continue to grind higher," said Barclay's Emmanuel Cau.
June 16, 2023
PIMCO Hit With $9M SEC FineIn one of two enforcement actions, PIMCO failed to waive $27 million of advisory fees as it had agreed.
June 15, 2023
BlackRock Files for Bitcoin ETFCoinbase would act as custodian and the fund, should it launch, would trade on Nasdaq.
June 15, 2023
Pershing's Harrison: Why Wealth Managers Still Have 'Big Tailwinds'Demand for financial advice still outstrips the industry's capacity to serve, but established firms can't be complacent.
June 15, 2023
Stock Rally Is Deepening Beyond AI-Fueled CrazeMarket breadth has improved, with multiple sectors showing stronger relative strength, says Janney Montgomery's Dan Wantrobski.
June 15, 2023
Gundlach: Stocks or Bonds? The Choice Right Now Is ClearFixed income investors can gain yields, enjoy upside potential and manage risk "very precisely," Gundlach said.
June 15, 2023
Social Security Benefits Targeted for Cuts by House ConservativesThe proposal by the 176-member House Republican Study Committee would gradually increase the retirement age.
June 14, 2023
S&P 500 Should End Year at 3,900: Morgan Stanley's WilsonThe bank's top U.S. equity strategist is warning that a profit recession is still underway and implies a nearly 11% drop in the index. .