Economy & Markets
The important economic and stock market news that advisors need to know.
529 Plans Suffered in Q1 but Continue to Evolve
By Bernice NapachThese plans were hit hard due not only to stock exposure but also to some riskier bond holdings, according to Morningstar.
May 29, 2020
Second Asset Manager Launches a Nontransparent ETFThe ClearBridge Focus Value ETF (CFCV) uses the ActiveShares structure.
May 28, 2020
PPP Loans Could Haunt AdvisorsTwo executives said that, while they themselves wouldn't judge, taking a PPP loan could complicate future M&A deals.
May 28, 2020
Finance CEOs Worry Markets Are Too Optimistic About EconomyJPMorgan's Dimon said "you could see a fairly rapid recovery" but cautioned that the Fed "can't prop up the stock market forever."
May 28, 2020
Coronavirus Could Shave 2-4 Years Off Social Security Trust Fund: WhartonThe Penn Wharton Budget Model looks at U- and V-shaped recession scenarios.
May 27, 2020
Fed Catalogs Devastation Wrought by Pandemic on U.S. Economy"Most contacts were pessimistic about the potential pace of recovery," according to the Beige Book report.
May 27, 2020
S&P: Small Businesses Still Hurting Despite PPPWhile the second round of loans are reaching a wider range of businesses, issues remain, the firm found.
May 27, 2020
3 Senators' Stock Trades No Longer Under InvestigationThe development comes about two months after their family stock sales first made headlines during the pandemic.