Economy & Markets
The important economic and stock market news that advisors need to know.
We Need Broad Fiscal Stimulus, Right Now: Strategists
By Bernice NapachSwift, strong action could help prevent a major economic crisis, economists and strategists say.
March 17, 2020
Trump Administration Seeks $850B Stimulus Bill to Fight Virus FalloutTreasury Secretary Mnuchin is said to be seeking aid for airlines and small businesses as well as a possible payroll tax cut.
March 17, 2020
TD Ameritrade to Host Weekly Webinars on Virus Crisis"We want to do all we can to minimize the impact of the coronavirus epidemic for advisors and their clients," said Tom Nally, its RIA chief.
March 16, 2020
Gary Shilling Forecasts a 'Major Global Recession'The coronavirus pandemic is a shock to economies that were already weakening, he says.
March 16, 2020
Stocks Take Biggest Dive Since 1987 With Virus Upending EconomyThe S&P 500 sank 12%, extending losses as Trump said the economy could fall into a recession.
March 16, 2020
Ray Dalio Criticizes Fed Rate Cut, Calls for Bigger Moves GloballyThe Fed's 1% cut on Sunday "has wreaked havoc across financial markets," said Dalio.
March 16, 2020
SEC, Nasdaq Chiefs Say Markets Can Handle Volatility, Should Stay OpenThe markets are functioning well, SEC Chairman Jay Clayton says. But strategist Jim Bianco says failure to act could mean bigger disruptions later.
March 16, 2020
SEC Extends Some Form ADV Deadlines; FINRA Cancels EventsExtensions "provide additional time so affected funds and advisers can continue meeting the expectations of their investors and clients," SEC Chairman Clayton said.