Economy & Markets
The important economic and stock market news that advisors need to know.
6 New Stats About Wealth in the U.S.
By Michael S. FischerThe U.S. is home to 53% of the world's ultra-wealthy individuals and 40% of millionaires, according to new data from Credit Suisse.
September 27, 2022
Housing Prices Fall for First Time Since 2012The biggest month-over-month declines in July were in San Francisco (-3.6%), Seattle (-2.5%) and San Diego (-2%).
September 27, 2022
Goldman and BlackRock Sour on StocksGoldman's bearish take comes after its U.S. strategists slashed their year-end target for the S&P 500 Index to 3,600 from 4,300 last week.
September 27, 2022
Gundlach Starts Buying After Worst Treasury Rout in Decades"The U.S. Treasury Bond market is rallying," said Gundlach, whose firm manages more than $107 billion. "Been a long time."
September 26, 2022
Everything Selloff on Wall Street Deepens on 98% Recession OddsMonday brought a stark warning: Stocks are still in free fall and bearish sentiment is far from exhausted.
September 26, 2022
9 in 10 Women Feel Unprepared for a Recession: Ellevest SurveyEven as more women return to the workplace, their financial confidence is falling and worries are increasing.
September 26, 2022
Stock Market Bear Recommends Going 'a Little Bit Long' on StocksA bounce "is required for the next week or two or three, after the oversold conditions we got Friday afternoon," said Dennis Gartman.
September 26, 2022
2 Reasons Markets Are Even More Unstable Than We ThoughtInvestors have adjusted to global tensions, slowing growth and Fed tightening. But recent turbulence shows other forces at work.