Economy & Markets
The important economic and stock market news that advisors need to know.
Wall Street Is in Denial Over the Economy
By Gary ShillingHere's why my earlier forecast of a 40% total drop in the S&P 500 from the early January peak is still relevant.
September 01, 2022
15 Best Cities for New College Graduates: 2022While affordability is a big factor, commuting options and a city's cultural scene are also important to young professionals.
September 01, 2022
Cathie Wood's ARKK Sees Biggest Monthly Outflow in Nearly a YearThe $8 billion Ark Innovation ETF saw $803 million rush out in August. It's down 60% this year vs. the S&P 500's 18% drop.
August 31, 2022
The Market Is Underestimating Fed Risk Even After Rout: BofAThe rude awakening that Jerome Powell's speech has been to U.S. shares means investors need to catch up in pricing policy risk.
August 31, 2022
Investor Confidence Up in August: State StreetIn a survey measuring actual trading behavior, confidence surged in Europe and rose slightly in North America.
August 31, 2022
Morningstar to Merge 2 Rating SystemsThe firm is combining its forward-looking managed investment ratings to create the Morningstar Medalist Rating.
August 30, 2022
Jeremy Siegel: Don't Take Powell's Words as 'Gospel'The Wharton School economist fears the Fed will go too far in raising interest rates to fight inflation.
August 29, 2022
JPMorgan's Kelly Says Buy Value, Sell Crypto With Hawkish FedForget about short-term direction and focus on valuations, the global strategist advises.