Economy & Markets
The important economic and stock market news that advisors need to know.
S&P 500 Is Back Above 4,000 as Rally Rages On
By Rita NazarethAll 22 stocks considered financial heavyweights climbed. First Republic Bank surged 30% on its best trading day ever.
March 21, 2023
Yellen Says U.S. Will Intervene if Needed to Protect Smaller BanksOfficials are studying whether they can temporarily expand federal deposit insurance to cover all deposits at midsize banks.
March 20, 2023
11 Days of Turmoil That Brought Down 4 Banks, Left 1 TeeteringA timeline of what happened to Silvergate, Silicon Valley Bank, Signature, Credit Suisse and First Republic (so far).
March 20, 2023
Harold Evensky's 2 Investing Strategies That Can Help Clients Now"The Dean of Financial Planning" discusses well-known strategies he pioneered to get clients through volatile markets.
March 20, 2023
This Is No 2008The current banking turmoil is quite different from the 2008 financial crisis, Bob Doll and others say.
March 20, 2023
House Plans First Hearing on SVB, Signature Bank FailuresReps. McHenry and Waters also told GAO Monday to begin an "immediate" investigation into the banks' collapse.
March 20, 2023
Jamie Hopkins: SVB Collapse Is Wake-Up Call on Cash ManagementWhere should clients park their cash, and how much cash is too much?
March 20, 2023
Bank Stress Signals Bear Market End: Morgan Stanley Strategist"The last part of the bear can be vicious and highly correlated," Michael Wilson said, with prices poised to fall sharply.